Zeev's Turnips Patch-No Politics (ZEEV)

[mish]

ml, if you are a bear, you may want to start being a little more cautious, consider the following thesis, with consumer confidence already hitting a 10 years low, how much lower can it go? The same with bookings in the semi equip, how much lower than $750 MM can it go (sure, why not $500 which was the low two cycles or so ago, but not too likely with a capacity base twice as large). I am not bullish here yet, since I don't have enough of a panic and "sell everything" type psychology, I am still waiting for Maria to announce that the only way to make money is going short.. but once this thing develops enough of an extreme, it could run up furiously...

Zeev

This sounds like you are beginning to doubt the Nassacre?
Comments?

M