Zeev's Turnips Patch-No Politics (ZEEV)

[Ace Hanlon]

Zeev:

Alan Newman -- one of the few forecasters that has outperformed your turnips during this bear -- is looking for another 5-10% down followed by a decent bear market rally. But he expects the rally to fade by year-end with another hard drop in January.

Newman argues that even a cyclical bull market is very unlikely until the still overwhelming LONG TERM optimism on Wall Street and Main Street goes the way of the dodo.