Replies to post #281529 on Zeev's Turnips Patch-No Politics (ZEEV)

[James T Kirk]

Do bull markets have 600 new lows?

[mainehiker]

The market: Vomit Slime Mold: Fuligo septica, see pic

Fuligo septica is a large slime mold in the order Physarales. In urbanized areas it is usually found growing on bark chips which it digests for a carbon source. Like Physarum, the plasmodium consists of a multinucleate mass of protoplasm that is not differentiated into cells. It moves like an amoeba, the protoplasm streaming internally in one direction and then in another. The yellowish, bile-colored plasmodium is the origin of the uncomplimentary name "dog vomit slime mold." The slimy plasmodium develops into a thicker, lime encrusted mass which is essentially the spore-bearing stage (fructification) called the aethalium. At the San Diego Wild Animal Park, the yellowish plasmodium transformed into a pinkish-tinged aethalium within one day. The aethalium is analogous to the spore-bearing "fruiting body" of a mushroom or toadstool, except it is much more simple and primitive in structure. It has the texture of porous bread or a thick pancake. Unlike more advanced slime fungi, the spores are not produced in distinct spore cases called sporangia. As it ages, the aethalium breaks down into dark red liquified areas which resemble blood. The dried aethalium contains literally millions of spores which are dispersed into the air.

[mike_m]

Re: <I don't think we are yet in the continuation of the secular bear, but in few moths, we should put out a top which should mark the end of the cyclical bull from July/October 2002. >

You are of course welcome to your opinion but I think predicting the end of the cyclical bull after this gargantuan oversold market is sticking your neck out.

We have suffered a sharp correction within the confines of a larger and longer bull run. That is consistent with corrections within a bull. The market is by my calculations more oversold than it was in 2002.

September is near and I would expect the selling to end then as it is one of the favored bottoming months.

I doubt your economic doom prognostication comes to fruition.