Zeev's Turnips Patch-No Politics (ZEEV)

[chainik]

<both ISM reports and the new claims numbers (all terrible)>

Mlsoft, ISM reports and new claims were really bad, double dip (IMO) is inevitable, the consequences of the "victory" will be ugly and long-lasting (you may disagree with the last statement), valuations are funny etc etc - in short, market is a piece of **** and eventually will move much lower.

But all this does not mean that we are not going to rally for the next month or two to naz 1550 and dow 9300. Liquidity may trump fundamentals in the intermediate-term.

Practical advice (I know you don't need one but still :) ) - cover your shorts when Zeev turns bullish (and he may in a few days).