http://boards.fool.com/Message.asp?mid=26152216&sort=whole&source=ihtfoceml769000 . . .
5) The November 18th, 2008 Business Week cover will show a stylized house with what appears to be a red liquid flowing out the doors and windows, with the headline: "Blood in the Driveway? The Housing Nightmare". Seeing this as a contrarian indicator, many of us on METAR call a bottom to housing. Unfortunately this will be the first time in living memory that Business Week gets it right.
6) Through back room wrangling and an inexplicable veto-override vote in Congress, hedge fund managers are made to pay the same taxes as everyone else on their earned income. Over night, the entire hedge fund industry disappears as managers feel they are not being adequately compensated for the risks they are taking with other people's money. US GDP and productivity rise a corresponding 1%.
. . .
8) The glass ceiling, while sadly, remaining intact in finance, will be broken in politics. As a major breakthrough and a first in US politics, an ecstatic Hillary Clinton will be nominated as a candidate for President of the United States.
9) Unfortunately, she will not be elected because there will be no election in 2008 as a state of emergency is declared in an effort to, "Keep us safe from those forces that threaten our American way of democracy."
. . .
11) Oil hits a session high of $124/barrel, along with gasoline at $3.58, and new highs in heating oil, food, healthcare, clothing, electronics, chewing gum, and bottled water. Thanks to hedonic adjustments, chainlinking, and other outright lies, inflation remains tame at under 3% and GDP vigorous at just over 3%.
12) Ben Bernanke will crank up the "technology called the printing press", and order a helicopter drop of new $100 dollar bills to fight finance sector and housing related deflation. He will be confounded to discover all US helicopters are currently deployed in Iraq and Afghanistan, and won't be available for cash drops for some time.
. . .