Zeev's Turnips Patch-No Politics (ZEEV)

[arcothunder]

Zeev while the economic data may be improving it's hard to know if that will translate into a "buy stocks" mentality by investors. Because in the short term, overshadowing the improving economic numbers are layoffs, state tax hikes and job cuts, over $30/barrel oil (higher gas prices), war with Iraq, (etcetera).

In order to get the stock market going, you need to have people enthusiastic about committing their cash to stocks.

Longer term, there is definitely light at the end of the tunnel. But in the meantime, there is chaos in Venezuela and troop buildup in the middle east. Oil is going up for now. That's never a positive.

Combine that with Investors Intelligence numbers already over 50% bullish! LOL! Seems to me that they need to get a bit more pessimistic before we have our launching pad for a rally.

Enough with the pessimism. I certainly hope that all have a great holiday. Enjoy the time with friends and families. Take a break!!!

AT