Zeev's Turnips Patch-No Politics (ZEEV)

[SteveO]

Zeev,

Don't you think that AG's testimony will be a catalyst? First, on Monday, as the expectation of cheerleading gives strength and then, on Tueday, his testimony itself. Obviously, he has to make up for GW's shortcomings (a tough task, IMHO <<<Oops, Politics GGG>>>). There is a lot good to talk about. GE's happy talk was ignored. I think that we were waiting for an earnings rally last Q but earnings failed to fill the bill. This Q, no one has taken notice of the best ratio of improved guidance to warnings in years. I think they will take notice as earnings come out. Then in August/September, we will all realize that this was the rear-view mirror and unsustainable as we do the double-dip. Anyway, I am not sure that patience will be rewarded here in the short-term.

Right now, it looks like a replay of last Q with the earnings rally that never came, but I am not so sure that that is not just a mirage. I think we are at 1610, before the bear suit comes out again around August.