Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

This money coming out is coming out of "safe" stocks like drugs and utilities. Market makers just dumping what people are sellling regardless of price. Strikes me of capitulation but more to come until fundementals change.
They are complex political, economic, monetary and psychological ones.
Someone posted dollar chart from 70's on last night. You could see Nixon, Ford, Carter down line post Watergate. Then up and down during Reagen years. Continued down all during under Bush Sr years. It rocketed in 1995 after slow start under Clinton and just peaked recently under GWB.

Economic and monetary leadership form the administration is more important to market confidence then any dam bin laden guy.