Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Typically we don't have much movement the morning of the FOMC. If we build a long flag, whatever happens may get sold.

I have not paid much attention to P/E's for more than 2-years, so I really have no comment other than they are not relevant until the market bottoms at values that are in line with historic norms.

People playing P/E's both ways will get killed in this market, as fundamentals don't matter.