Zeev's Turnips Patch-No Politics (ZEEV)

[sarai]

The rally is looking topped, and Big Al speaks tomorrow. The focus will be on interest rates, but I actually think Pitt's resignation is a major positive. Mainstreet is still stinging from the fall, and Harvy Pitt did not help the confidence problem. Pitt was part of it. Unfortunately, Bush will probably nominate another one of "the Boys", and the Administration's focus will now turn to war. War is not bullish...