Zeev's Turnips Patch-No Politics (ZEEV)

[leon]

i've found this "uncertainty" argument that's been generally accepted the past few months rather amusing. what exactly is uncertain? the bullish camp overwhelmingly believes that an upside bias will develop if/when either the bombing commences or somehow war is averted; so once again, with both outcomes supposedly bullish, the only "uncertainty" would appear to be which bullish event eventually shows itself. that is, of course, to those who believe this canard. as to the other generally accepted belief regarding the so called "war rally", i suspect this will prove to be another example of popular/conventional wisdom ultimately missing the mark; and fully expect any initial rally, if one in fact develops, to be sold and sold hard. LEON