Zeev's Turnips Patch-No Politics (ZEEV)

[mjk]

Zeev, is this still based on the belief that we won't get the job growth going forward to avoid this "recession"? If we did avg 250,000/month going fwd, would this change your thoughts? Also, any idea why this has been pushed out so far...early this year you had a peak in late summer/Sept, then a drop forecasting an early-mid 05 recession...the market's obviously not forecasting that recession anytime soon, especially given the fact that we seem destined to get 2350-2400 in the next 2-3 months. Are you open to the possibility that we can get a normal correction after 2350, then rise higher into late 05?

TIA