Zeev's Turnips Patch-No Politics (ZEEV)

[Pinhi]

Zeev, I am struck by the parallels between now and the 4th quarter of 1990. You'll recall, the market was in a nasty correction and the doom and gloom was so thick, you could cut it with a knife. They were saying 40k americans would come home in body bags and Saddam would set the oil fields on fire (he did). As soon as the bombs fell the market took off. Now we have another president named Bush. The charts sure look like they could be forming a double or "W" bottom. Could the same thing happen again?

Pinhi