Zeev's Turnips Patch-No Politics (ZEEV)

[leon]

i think zeev is absolutely correct on what should happen. but, what should and actually does happen are not necessarily in sync. it seems to me that regardless of the feds action next week we are going to be presented with an excellent trading opportunity. if the fed stands pat, i would expect an initial plunge in the mkts followed by a strong rally after the consensus view formulates that the economy must be stronger than "we" realize or the fed would have lowered. conversely, any cut will probably be met by strong buying pressure until that same consensus few now recognizes how really weak this economy must be and begins to earnestly dump all stocks. if this scenario plays out as i suspect, the stategy s/b to short the "cut" as the rally unfolds and aggressively buy the initial dump if there is no fed change. anyway, thats my view at the moment subject to how other events may unfold between now and next weeks meeting.