Replies to post #93663 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

That is what I was expecting, and thus the minor deployment, added ERTS here at $59.50 no discount...

Zeev

[mainehiker]

mlsoft..what do think could cause heavy and sustained selling pressure at this point; i agree with your comments and have voiced many of the same...it seems that if they can keep this market up (at least their sacred cows) in the face of all the terribles...im starting to think it would take a daisy cutter on the fed to get this market down, i say that in jest, but you understand my angst, as im sure you have the same angst trying to trade the reality, when reality is ignored

[chainik]

<both ISM reports and the new claims numbers (all terrible)>

Mlsoft, ISM reports and new claims were really bad, double dip (IMO) is inevitable, the consequences of the "victory" will be ugly and long-lasting (you may disagree with the last statement), valuations are funny etc etc - in short, market is a piece of **** and eventually will move much lower.

But all this does not mean that we are not going to rally for the next month or two to naz 1550 and dow 9300. Liquidity may trump fundamentals in the intermediate-term.

Practical advice (I know you don't need one but still :) ) - cover your shorts when Zeev turns bullish (and he may in a few days).

[Culmus]

mlsoft,

while I have a suspicion about some unknown forces supporting the markets, what exactly can I see this at if I wanted to track "them"?

TIA

Culmus