Zeev's Turnips Patch-No Politics (ZEEV)

[federal reserves]

IMHO we go down hard.

The economy is growing, but profit are only growing through cancerous cost cutting, and we have a budding inflation problem in commodities. PE's are way too high - MMM, PG, a lot of fat, high priced DOW stocks are in the corral's heading to the slaughter house. Once the high priced headliners on the DOW take a hit, the whole market will be in a sausage grinder and end up in the frying pan with the fat getting fried out. Wait for that.