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

To: Zeev Hed who wrote (87992)	6/28/2002 11:09:12 AM
From: The Freep	Read Replies (1) \| Respond to of 99280

Zeev -- does the fact that the equity p/c has been hanging around .55 or lower for the last day and today give you pause? Or is that what causes the "sorta-retest" over the next few days? There's sure a wall of worry to climb, since no one believes that was a bottom Wednesday, but someone sure is optimistic if that p/c can be believed. the freep

To: Zeev Hed who wrote (87992)	6/28/2002 11:19:03 AM
From: jetcityrandy	Read Replies (1) \| Respond to of 99280

Zeev, Are the turnips still proposing a down Monday Tuesday July 1-2? or have they changed their little turnip tops mind and gone bullish? Inquiring minds....

To: Zeev Hed who wrote (87992)	6/28/2002 11:23:35 AM
From: Jdaasoc	Read Replies (3) \| Respond to of 99280

I doubt we have more that two three weeks of "sun", Why would you say that. Government intervention in the markets could possible go on until unemployment rate starts to go down and individual and foreign investors will flock back to market. Do not underestimate the power of the government's purse strings. Chrysler didn't fail in the 70's and I have a feeling US government will make good directly or indirectly to the even larger repercussions from WCOM. State pension funds can't keep taking big hits on ENE and WCOM. Money is going to come from government to "fix" this latest failure and stop others from happening. Somehow they must have some understanding that money lent to PPT save market will have positive payback in the future similar to strategic petroleum reserve. Stocks don't go down from here if earnings improve and accounting is straight, hedge funds can't have better returns then LTBH.