Zeev's Turnips Patch-No Politics (ZEEV)

[was Steve]

I read the article. want to make one thing clear first, i do believe they exist, never said i didnt. One thing that stuck out in the article as a mistake was that they said our market was plunging. Bullchit or Bearchit (take your pick).

This has been the most orderly decline we have had in this bear. that is all part of how i envision the selloffs in the second half/latter stages of the bear market imo. world markets had for the most part ALL gone below their october lows and many WELL below. They were in out and out crash mode. Was that the PPT holding things up in the US? I doubt it. are they under every freaking stone. It is my opinoin that NO, they are not. I do not dispute their existence. they serve a good purpose.

This was no PPT driven rally. we came from deeply oversold in daily and weekly charts and rallied. just as we will eventually selloff from deeply overbought.

steve