Zeev's Turnips Patch-No Politics (ZEEV)

[marvin1946]

Zeev,
Some fundamentals and dates that turnips may look at

1. 8/14 ceo sign off in blood. As we move closer and it becomes clear that the vast majority of corporate execs are confident in their numbers, market should begin to rally.
2. As we move closer to 9/11 date, fear of terror(like July 4) should cause a pause in the rally.
3. Post 9/11 if all goes well, rally should have another leg.

4. Now the $64 question, assuming the above 3 pan out--what happens in october? Is a precipitous fall a certainty? I guess that will really depend on what happens in early october with earnings and forecasts. All the usual suspects that reported in July will be doing the same in october. Numbers probably will suck, but the questions are how badly and what they will say going forward. And heres where Greenspan/O'Neill may come in urging execs not to hesitate being upbeat if thats what they see. Many execs now have been overly cautious for obvious reason. If we get good news in october this rally can really gain momentum and follow seasonal market strength first into january and then march. In that scenario, we may see 2000s. In other scenario a possible retest of last weeks lows at 1200. Marv