| Zeev, not that I'm inclined to question a patch of turnips (or even rutabagas), but if we are to have a 400 point (or so) drop, I don't understand what would sustain it, i.e, what change in psychology, or fundamentals, or events, or whatever would keep the market going down for 400 points? Sure, the Nasdaq has probably run a bit too far too fast, but I don't understand what would/will counter the current factors, i.e., positive psychology, low Fed rate (going lower?), liquidity, progress in Afghanistan, trillions on the sidelines, demise of the 30-year bond, forecast of a recovery 3-6 months out. Perhaps if you could just provide me with a guest pass to the temporal gateway I could go check out late December for myself? |
