"MARKETS RALLY LIKE HELL the following Monday if not before."
But what happens this Monday, Tuesday? I'm on margin, and figured that if I could just make it through October, and then through the election, stocks would come back a bit and I could start selling some things. Then two events affected my portfolio in a very negative way.
1.) Dell Computer earnings
2.) Election Impasse
I'm just wondering if by Monday morning I should be totally out of the market. Don't like to sell when it's down but it could go lower. All it takes is to have no buyers.
Imagine how you would feel if you were living somewhere like Hong Kong where you had China to worry about along with relations with Taiwan, Korea, Japan etc. and then you look across the ocean and you see America having a political crisis. The kind of event which in some countries might signal a coupe is in process. You might be reluctant to be buying -- you might get scared, and be tempted to sell.
When Long Term Capital collapsed they found billions to bail it out, but when you're the little guy, well, stock valuations are just going back to normal.
Somehow, I just don't think that the crew that Al Gore has surrounded himself with are about to give in. They want the White House, and they think that they can mollify the public later. Remember when Bill Clinton bombed Afghanistan, and the Sudan in order to knock the Monica Lewinsky story off of the front pages? Or when he started a war with Iraq, and then pressured the house to put off the vote on impeachment until later, when there would be more democrats in the house?
Al Gore knows that he has lost the election under the rules. The process may not be perfect, but it is the one that we use. What they're doing is so brazen, so openly corrupt, that I really don't want to see George W. concede.
Can the markets take more of this, or will we eventually go into free-fall? |
