Replies to post #142114 on Zeev's Turnips Patch-No Politics (ZEEV)

[schloss_1]

mlsoft-

That fellow, Benson, seems to summed things up beautifully. Are you two related?

It really is shocking, at this point, the valuations of stocks. I think anyone who is sitting on securities (long) is really going to be burned bad in the next 73 days. I'm not smart enough to tell you the exact day but, I think, the jig is going to be up for Bubbleboy very soon now. No one with any brains buys into a market with such a high overall PE! It would take a complete lack of historicaL perspective to think that an entry here can turn out well.

Here's a tricky thought... Now that Bubbleboy has done a fine job of reflating the markets, where are the guarantees for the retirement funds, institutional investors, etc. My point is that, barring a miracle, they are soon to lose billions again with no reflation magic there to save them this time. (AG can't just keep reflating the bubble over and over again, can he?) I just don't think that will work.

schloss

[Ace Hanlon]

The main reason i see this rally as the final blowoff is that there are hardly any reactions to speak of anymore. We just go up day after day with only an occassional pause no matter what the news. This is the kind of action one usually ses at or near major peaks.