Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

Today is 7th day that LOD on S&P is lower.

As long as we don't have "real" bounce off LOD on S&P, rally will not start and prospect of tomorrow bringing new lows continue.

However, as we go lower I commit more buying power to long plays. Currently CREE is only long play not profitable. On the straight short side not even EBAY and MERQ are negative on buying power.

I think we may continue to bump along slowly downhill till state of Union next Tues, then things may move hopefully upwards.