Zeev's Turnips Patch-No Politics (ZEEV)

[otraque]

Really have jump and give my opinion that both post 9/11 and 401k issue are major, but 401k shock is in the forefront now.Hope all got to see the one hour special by NBC and Brokaw last nighy called "Take the Money and Run" Show was pretty agggressive and good, took a hatchet to Grubman and Brokerages in general, hit on the 401k issue and the depth of 401k losses.
A factoid that is slowly thinking in is a LOT of people are much poorer and the opinion was expressed they will never get those losses back and need readjust what capital they have left.
Buffet said those CEOs and other management have committed such fraud and betrayal of shareholders there will need be a special place in HELL for them.
Buffet then reiterated his belief the market will not recover for years.
For the millions who watched that show last night they have no reason to buy stocks and may wish to sell.
But Buffet opinion you start nibbling on Buffet like stocks, will i feel, put value(with vitality) stocks into a good trend.
in time.
Spitzer says the more they investigate the more it is like peeling an onion, as each layer removed reveals more stink.
Spitzer implied more , a good deal more is to come.
NBC polls indicate investor confidence continues downward to alltime lows, in their view of WS--trust of brokers and brokerages is down to 3%.
This week ahead will be impacted for the good or bad by the big numbers ahead.This is the week of market moving numbers in my opinion.Max p.s. when i hear what the average holding is in 401ks i will bluntly express my view that 401k is a disaster.
And yet Bush still wants to get the ability to use part of SSI in stock investments. When i heard him say "we got to get the market up so we can get this SSI legislation passed" i just said "o'boy ". I live in a country that bet it's future on the stock market, neat.max