Replies to post #50462 on Zeev's Turnips Patch-No Politics (ZEEV)

[JMKel]

Zeev,

What makes you think that the consumer is getting tapped out?

[Hesperion]

Zeev,

Knowing that you have traded MVIS in the past, you may want to take a current look see. Though the stock is right at resistance ($5.50), the volume the last two days suggests the possibility that something in the equation has changed, at least on a very short term basis, and the stock may be poised to extend its gains. Do you read the chart differently?

[mike_m]

There's been a pretty good opportunity to work down debt and lock in low mortgage interest rates during the past two years. If the consumer is tapped out then he's been a fool with his money or out of work for quite a while.

If the housing market holds up, which is a big if, then we may not have a house of cards here after all. IMHO, the problems are no less or more severe than 1932 when a full scale depression was kicking in. That market found an opportunity to take off and hardly look back.

I am torn between various scenarios but caution anyone to simply buy into yours lock, stock and barrel.

[brainlessone]

http://www.businesscycle.com/

kind of funny how this sort of tracks the market?

[lemming]

Zeev,

Noticed a peculiar similarity in the NASDAQ daily charts for 7/12/2000-5/24/2001 and that for 11/27/2001-today. The rally at the end of the recent period is a lot steeper, which may mean this one is for real. However, other than that, the two charts are hauntingly similar.

How do the turnips stack them up?

-David