Zeev's Turnips Patch-No Politics (ZEEV)

[sarai]

A retest of the July lows is a given.

Will it hold? Probably not, imo. Because.....
even the bulls must admit, if there is no double-dip, economic performance and profits will be anemic, at best. By any historical metric, the market is still priced to perfection, and there is nothing to justify premium valuation. There is no catalyst to jump start the economy to a new bull market, not to mention the precarious geo-political situation.

Lower lows cometh on fundamentals.