Zeev's Turnips Patch-No Politics (ZEEV)

[seabass]

>>The stock market always turns up before the economy, so it would make sense that at some point, possibly now, the market will go up and continue up, and the economy will turn up not too long after.<<

This is the fourth recovery celebration Wall Street's best have put together during this bear with the first three proving to be miserable failures. Hard to see why this one should be any different with FY03 EPS numbers eroding steadily with each weekly update. Look at AMAT for instance. FY03 EPS cut in half (from 0.39 to 0.20) 7 days ago and FY04 reduced by 30%. Bullish? I guess so since the stock has since rallied 20% which yields a P/E of 85 and a P/S of 6.