Kip
I am sure you are eagerly awaiting your PA Update so here it is:
We in the PA Camp (actually fairly sparsely populated at this moment--I guess a lot of folks are still out on the lake bottom fishing) feel relatively complacent with the extant situation. No debacle today and the pull back of the last four trading days, in our opinion, has made a statement about the possible dire effects of successful impeachment of the President on the stock market and global economy while also serving to cock the hammer of the gun (ie tighten the springs). At the same time bad news of warnings about disappointing profits has been gotten out of the way. This has happened with a modest pull back on relatively low volume in the NYSE, NASDAQ, and, especially, in EGGS. This sets the stage for the good news about the holiday retail and etail figures to take over, even if only as "expectations of," as well as reports, even if only rumors, of movement toward agreement on censure or Representatives on the fence inclining against impeachment. At the same time, behind the scenes, for the first time in a score of years, some Representatives will be threatened by business and financial powers with having their "taken for granted" campaign donation spigots and other amenity founts turned off, if not turned against them. Add to this a dollop of liquidity and you have rally. Further, we expect significant participation in it by EGGS.
Larry and all of us over here in the PA Camp |
