Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

I thought you said you never short a stock.<g>

Next you will be selling naked options <vbg>

Chartists would believe market pre determined to have a bounce to 1185-1190. I would believe economic news and consumers ability or inability to remove the last 2 cents in his pocket daily, if he has that to his avail, to be put towards consumer spending has something to do with market behavior.

- Your thoughts on strength of this upleg.

- junk bond-a-tation of 1/2 trillion in auto company debt today followed by yesterday's downgrade of AIG's debt yesterday will it have any lasting negative efforts on market.

PS If I believe my Knights of Columbus insurance agent, AIG's downgrade leaves the Knights, a fraternal organization, in company of only one other commercial insurance company with highest possible credit rating score.