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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (13398)	12/14/2001 8:57:27 AM
From: DlphcOracl	Read Replies (2) \| Respond to of 99280

Zeev: Since the turnips have the Nasdaq continue to decline into the end of December, I was wondering whether this was based on your technical indicators or your market sense. Historically, the final week in December is the strongest part of the month, possibly because money enters the market to position itself for the "January effect". Interestingly, something you may not have thought of: Kenneth L. Fisher, who writes a column for Forbes Magazine, believes the introduction of the Euro in January 2002 could "cause temporary but widespread dislocation". He reasons that "some $850 billion of earnings goes untaxed in the Euro zone as a direct result of tax evasion and other illegal activity, resulting in the accumulation of upwards of $200 billion in legacy currencies in the hands of Euro zone citizens. This money will eventually need to be converted to Euros, an event which European tax authorities hope will provide an opportunity to tax and/or criminally penalize the holders of the undocumented money. As this reality sets in, fear of taxes and retribution could cause significant dislocation to Euro market participants." Your thoughts on my question and the above K.L.Fisher thoughts are appreciated. DlphcOracl

To: Zeev Hed who wrote (13398)	12/14/2001 9:25:59 AM
From: Hayduke	Respond to of 99280

Zeev, Here's a song for your critics: <g> scoutsuk.co.uk Best, HD

To: Zeev Hed who wrote (13398)	12/14/2001 1:44:31 PM
From: Joe Smith	Respond to of 99280

Zeev- I think that you make it clear that the Turnips are guidance and should be treated as such in almost every Turnip post you make. I guess some of your readers just miss that part. Here we are at the beginning of warnings season and already we are getting quotes that are putting the recovery out "a bit longer". By the end of warnings season, around 1/5/02, I think that we will not be sure of a recovery at all. I will start buying then for the January earnings run. This all just sounds so familiar. Kind of like a broken record. Larry likes trends and I think that I will continue to follow the trend of selling the warnings season and buying the earnings season. Of course, trends are made to be broken.