Zeev's Turnips Patch-No Politics (ZEEV)

[Fletch]

Zeev,

What are your thoughts on the retrace theory? I know you have the market getting valuations below historical levels in three bear legs, taking several more years to play out. I'd guess the retrace has this bear over in one brutal swoop but that it has a few more months to play out yet.

I also could guess that both could be right. We can have a seasonal year end rally from the base built lows in July through October and then continue the retrace to it's finally. The market can then still have a green up year after and from there, go on to play out your three bear leg scenario.

Your thoughts?
Thanks,
Fletch