Zeev's Turnips Patch-No Politics (ZEEV)

[kahlua]

<In my opinion you have placed to much emphasis on "wash out" sentiments and have missed the beginnings of a new bull market, cyclical if not secular> Surely you jest, the beginning of a secular bull market...? Sure this could be evolving into a cyclical bull market, although bullish sentiment is very extreme and many other indicators are very toppy, but that would be the best case scenario. I believe you underestimate the complacency of most investors who are still itching to be burned yet again. Case in point, my brother in law called me last night asking where to invest more money because he feels he's missing out on the "new bull". I won't bore you with other numerous examples but the bottom line is there is still a pervasive disconnect between reality and fantasy among the buy and hold investors. I won't even get into the fact that no secular bear has started with such ridiculously lofty valuations (p/s, p/d, p/e, p/b, etc.). But this is all imho.

Regards
kahlua