Replies to post #224177 on Zeev's Turnips Patch-No Politics (ZEEV)

[JMK]

Hussman not very positive about further market advances

"In any event, the market is showing increasing signs of internal turbulence. In the context of extreme valuations, heavy bullish sentiment, persistent economic disappointments, and extreme insider selling, the deterioration we've seen in market action has already moved us to take “contingent” positions (less than 2% of assets in index put options) intended to remove the bulk of our exposure to market fluctuations in the event of a moderate-to-substantial market decline."

http://www.hussman.net/wmc/wmc040322.htm

[jrintl]

Does 2007 have any meaning at all left, or is it irrelevant w/lowering to 1983?

[langostino]

For the Chicken Littles on energy ....

Latest figures from BEA show Energy Goods and Services as Percentage of Total Consumer Spending remains below 5% ... well below where it was all through the 1990s bull market run.

Here are the historic ranges ....

1974 to 1986 -- 7.5% to 9.5%
1986 to 1993 -- 5.5% to 6.5%
1994 to 1998 -- 5.0% to 6.0%
1998 to present -- 4.0% to 5.5%

[dances with stocks]

Zeev, IMX at any point do you see this as a buy for another run?tia