Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

May I suggest you look at how much the national debt has increased since April (about $200 B), that fiscal stimulus (2% of GDP) will find its way into the economy providing the post second dip rise. I think that what you are describing will come in (see #msg-491054) but later, and the bottom of the next bear market (the second bear leg) may not be in till well into 2005.

Zeev