Zeev's Turnips Patch-No Politics (ZEEV)

[Alexander]

Zeev

Like you, I believe we soon will start a rally, either from around today's level (70% probability) or from a bit lower (2000 level?)(30% probability)

Last week I mentioned you that I personally found the price/volume action of MSFT, IBM, SAP, Dell not very encouraging. As a result, I thought that a retest of 2000 should not be excluded anymore, hence my 30% probability.

As said before I remain unconvinced of a Nassacre. My worst case scenario is a retest of 2000 later this year.

I do see weakness in the consumer side of the economy, but strength on the business side. IMO, businesses have underinvested in IT the last 3 years, by only focusing on cost cutting. Now they are focused on generating growth in revenues, which means they need new IT equipment/software.

Just my humble thoughts

You refer to your portfolio. Where can i find it?

Alexander