Replies to post #343137 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Though to base anything on the first five days of January, I know the lore, but look at 1991, a lousy opening, followed by a lower low on 1/14 (around 355), but closed January with a rush to just under 420, a 18% rush in two weeks.... and by the beginning of April it was up another 50 Naz points to 475...if we follow the same pattern and bottom next week around 2040, an 18% advance will get us above the top of my expected top (I have max at 2390...) by the end of the month. And of course, no nassacre in 1991...

Of course, in 1991, we were coming out of a slump, not possibly going into one.

[chainik]

Laird, have you noticed this in the latest Hussman?

<after reducing our precious metals positions a few weeks ago, the recent sell-off in gold shares has substantially improved the Market Climate for precious metals. As a result, the Fund's position in precious metals shares was increased toward 19% of assets last week.>