Zeev's Turnips Patch-No Politics (ZEEV)

[phill]

Mr Reserves, with all due respect for the considerable contribution you make to this board, I recommend you take another look at that St Louis Fed chart.

You'll notice that, at exactly the same time last year, from mid-March to mid-April, the chart takes exactly the same little downward bump.

It's people pulling out money to pay their taxes, Federal. Nothing more.

What I find most intriguing, though, is the level of hysteria about, well, about everything, on this board right now. Just as example, nowhere among the dozen or so responses and re-responses to your original post is there anybody who suggests the possiblility that the Fed Chart you posted could bode anything but bad stuff.

To me, this much anguish in the consensus of interpretation is a pretty bullish sentiment indicator. JMHO.

regards,

phill