Well, she didn't concede last night. Obie says he's the nominee, but he says all kind of things that have little bearing in reality. Now the three stooges are urging all the super delegates to make their intentions known by Friday - so perhaps the dog and pony show will finally end this weekend. Somehow I doubt it – I think it's just getting started.
Anyway - I'm amending my prediction. The Dow closed down 100 yesterday to finish at 12,402.85 Between now and whenever Obie officially gets the nod (assuming he does), the Dow will lose at least 500 points (11902.85). And I'll even go out even farther. If the media continues to act as if the sun shines out of Obie's ass from now until November, and he wins (and he will unless the average Joe gets a critical looks at him), then by January 20, 2009, the market will lose a minimum of 1500 points from yesterday’s close (10902.85 for those of you not so good at math). Of course, Bush will be blamed.
Those of you too young to remember the Carter Administration are in for a history lesson.
Posted by Clancy at June 4, 2008 8:47 AM