Zeev's Turnips Patch-No Politics (ZEEV)

[pstuartb]

I'm not sure how to respond to this:

There is some correlation (far from perfect) between the short term economic outlook and the markets, however, IMTO, valuation metrics have long cycles that are independent of the economic environment, and the metrics impact on stock market prices are bigger than earnings streams (the economic outlook)

so I won't. Thanks for your always thoughtful replies.

Paul