Replies to post #15670 on Zeev's Turnips Patch-No Politics (ZEEV)

[Huluriasquias]

Who am I to argue with the Master? <bg>

You shall have your retracement.

(Anyway, I'm 30% Velocity, 70% Cash, so it's almost gambling money. Besides the only significant value for the Rydex funds is the 4PM one. It takes a different mindset to think one whole day in advance. We might still have a "U" shaped day tomorrow, and be both happy)

[cash2go]

No need to wait for the retracement. The CAC closed down 147 points in sympathy with the US markets. Vivendi cleaned house the same day and was down 25% from a price that already discounted a lot of bad news. Europe's rebound should be coming in the morning hope to see V come back with it.

Moody's did downgrade their credit but I think the company is too big for the government and French market to let liquidity issue's to create a fire sale on valuable assets. Any thoughts?

[integrivest]

Ze'ev: where do you see the retracement level, for re-deployment?