Replies to post #108305 on Zeev's Turnips Patch-No Politics (ZEEV)

[orkrious]

what'll it take for a "major" top? seems like the speculative stuff is still flying while the semis and semi caps are weakening and the old leaders never showed strength (msft et al)

[orkrious]

what'll it take for a "major" top? seems like the speculative stuff is still flying while the semis and semi caps are weakening and the old leaders never showed strength (msft et al)

[Public Heel]

Yeah, they haven't given up yet. Incredibly, the VIX is dropping again today. I wonder if the BPCOMPQ could possibly go higher...?

[Paul Shread]

Many thanks, Zeev. That the start of your trip to 1465?

Much higher than 960 on the S&P and we could be in a cyclical bull, I think.

http://cache.wsrn.com/images/AHT/spx051203.png

I'd be happy with a third straight May expiry top, but it doesn't sound like the Turnips are going to give us that. -g

Paul

[Math Junkie]

Wow, you really got hosed on that KLAC execution. I'd complain if I were you. <g>

[otraque]

Stock GURU Bernie Schaefer just on Bloomberg and he is Super Bullish small to midcap tech stocks.
He recommends HHH strongly.
Pushing hard on JNPR.
His reasons.1) Fed has put a floor on the market.(they are not going to let it drop)--that is Schaeffer's view.2) there are huge short positions on the these mid-cap and small-cap tech stocks and they are unwinding into a squeeze.
Schaefer says that because JNPR is now at 160-1 p/e means nothing, the bears are heading for the hills and the bulls are going to ramp the hell out the small and midcap techs.
In other words he is saying year 2000 insanity is here and it is now.That is bernie Schaeffer's view--stock GURU:) I am just reporting.Godfrey D.