Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

As true Clintonistas would say, the difference between now and the 1926/32 is found in "it is the safety net, stupid...". We are not going into a depression or even close to it. We are going into a "revaluation metrics" period, and the powers that be (and for good reasons) will make sure that the metrics is brought back to the "standard", over many many years. The decline we had into the July 24th lows had all the technicals indicators of last September. On September 27th, West Pacific posted to me the following post #reply-16424687 starting with "I am laughing at you, Zeev, you are dead wrong" (being stubbornly bullish), to which I responded with #reply-16424755 (just remember that the 2400 was a typo that should have read, of course, 1400. You may want to read that last post, since the situation here has a lot of similarity to September. The same tools that kept me on the right side of the market then despite vociferous opposing opinions (and sometimes, not too kind either), are suggesting I stay on the long side this time as well. On that Sep 27 when this exchange occurred, the Naz closed at 1460 it beat my own bullish target of "Max 1940" by a solid 170 points, and did a 50% rise from its intraday low around 1385.

Zeev