Zeev's Turnips Patch-No Politics (ZEEV)

[mike_m]

Re:<<This run should be over before mid day on Wednesday, all, of course, IMTO.>>

It is difficult to believe that a 14 week decline from the November highs was just resolved by a one week rise. That is asking an awful lot of faith.

That new market "leaders" aren't forthcoming may be problematic but can be resolved in time. That the market shows no punch while wary consumers fail to commit with so much international uncertainty is hardly surprising.

Your resolve is easily justified as you only stand to lose opportunity should the market surprise to the upside. Shorts should heed the last four letters of the above comment.

Those that suggest that bear markets don't end the way this one did are, at best, poor students of the market. Bear markets end when they do. Period.

Whether this one has or not will only be known in good time. The longer it takes for this market to reach new lows the more likely we have indeed seen the lows.

The only case for a new bull is the prospect for security and improved economic circumstances. That is a tough pull from the current milieu. It has been tough before.