Replies to post #113151 on Zeev's Turnips Patch-No Politics (ZEEV)

[SI_Shack]

I feel better already.-g I also think it remains a speculative trashy stock affair.

The weak DOW confirms that in the end it will prove to be just another bear market rally....although its been a wild one.

[Fletch]

Zeev,

Have the turnips put together a road map for the rest of the year yet? I've heard that in 1932, right in the middle that great bear market, a 50% rally sprang up from the lows. Certainly some companies have beat expectations as others have fallen short but they aren't what's moving us up. The war uncertainty being removed and presidential election next year are possible reasons for the run starting and I'm sure short covering along with the fear of missing out, just adds to the momo. Buy the dip works, so why not until it stops?

I'm not a predictor at all but 50% averaged in from the October low and most recent low puts it at around 1700. A target you think sounds about right. If we do get to 1700, what lows do the turnips see as possible between now thru years end, or is the 1500 area it?

Much thanks,
Fletch