Zeev's Turnips Patch-No Politics (ZEEV)

[marvin1946]

augie,
The market peaked end 99/early2000. 3 years a la 1929 is about up. The fact that valuations are still high historical has to do with interest rates being so low. How long will folks be willing to buy money market yields of 1% or bonds at historically high prices. If no depression as you and zeev both agree, sideline money will come back as recovery becomes more clear--first very slowly and later in torrents. Thats the cyclical bull zeev talks about. At least thats what i hope for. marv