Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Zeev, I guess I'm interested in how you associate internet bubble correction with the Nifty 50 correction. The manner in which they are correcting is completely different.

The manner in which the two major bubbles (1929, 2000) of the past 80-years have corrected is uncannily similar. To deny that is to deny fact, IMO.

If the bubbles are deflating similarly, and you agree that the a trend should be respected, why do you not respect this trend?

Furthermore, every time the COMP or NDX has made a new low without the other index making a new low, a new low for both has followed. This has happened all year long. We had it happen again yesterday. Until that trend ends, we have to respect it.

That is basically what I'm asking here.