Just now found out about the AH selloff..... The buying opportunity comes closer.
Even the esteemed Mr. Pitera said something about dipping an oar in the water.
Here's a scenario to wash down with that straight vodka tonight:
1. Market sells off tomorrow am in continuation of the AH madness today.
2. Tries hard to bounce, and even has an up day or two between now and next Wednesday, but when all is said and done Naz is at 2350.
3. Supreme Court hearing this Friday leads to a decision the following Friday, December 8. The decision is that the Florida Supreme Court was interpreting law, not making it, and thus the recounts are appropriate. Market falls a little further.
4. The following Monday is Dec. 11. After a fast and furious recount of dimpled chads and the like, it appears that Bush has won Florida by one vote. Al Gore spends the night sobbing hysterically.
5. On December 12, as the Florida legislature meets to try to cram Republican electors down everyone's throats regardless of the vote count, the judges and other officials announce that Bush really got more votes anyway.
6. Gore concedes in a speech dripping with insincere calls for unity.
7. Morgan Stanley upgrades half the tech sector, calling current valuations a "fantastic buying opportunity." CNBC does not bother to point out that over the past few weeks MSDW has been treating those same stocks as smellier than yesterday's fish entrails.
8. Within 12 hours, five other brokerages follow suit. Abby Joseph Cohen dances a jig in Times Square. Naked.
9. The following afternoon, even though there is no Fed meeting, Alan Greenspan steps out of his jacuzzi and announces that rates will immediately be cut 50 basis points. He cites dramatically softening Christmas sales within ten miles of all Piffer households.
10. A large order for Grape and Cherry Koolaid is placed to be delivered to God's Country, Somewhere in Texas, USA.
11. The NAZ returns to 4000 by year end.
Gizmo, thanks for the Koolaid delivery this afternoon. What is in this stuff, anyway? |
