Replies to post #68920 on Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

jdaasoc, are you smokin' crack?

Can I check on that and get to you or do you need your answer now.

All I am saying that strong rally will start when Western powers agree on course of action to deal with Iraq. Right now there isn't a consensus and Europe led the decline today and US markets reacted to it.

Somehow I don't see this 9-10% decline from 1/6/03 when all new 2003 money was swallowed by market will continue much more right now unless new added sloppiness in world affairs occurs.

Somewhere near these current levels, Iraq, oil, South American debt will not move market lower and shorts will decide to cover. GE unchanged @ $23 with no news is not a guaranteed lock that market will rally tomorrow but I would expect much more uncertancy in world economic and geopolitical affairs to achieve Zeev's GE target of $19.

[XenaLives]

At the risk of getting too metapyisical:

The problem with shorts is the generation of negative energy. The only legitimate validation for this market is the generation of capital to advance developing technology. If shorts become dominant the energy needed to drive this market becomes negative and entrepreneurism is stifled.