Predictions October 2006
1. OIL prices will rise toward $70 per barrel as the Goldman Sachs commodity indexing change from July is absorbed into the markets, and as OIL producing nations, especially in former Soviet Republics, increase tensions between each other and ease production to alleviate wear and tear on their infrastructures.
2. VP Cheney's "psuedo" heart attack. Left over from Septembers projections, is still valid. Although the corresponding September prediction of Lieberman's withdrawal from the Connecticut Senate race now looks unlikely as he has not lost his lead in the polls, and therefore his money has not been cut off.
3. Around the third week of October, the DOW will suffer one or two 100+ point drop days as doubts grow about GOP success in the coming elections. The subsequent days will produce a rebound that negates the political fallout. Courtesy of Ben Bernanke and the PPT.
4. Also rans, (out of left field) North Korea Nuke Test, U.S. troops in Djibouti attacked, Saudi Arabia's King Abdullah dies, shooting begins in Mexico, and finally, the New York Times will seek to offset it's withholding of the 'warrantless wiretapping' story impacting the 2004 election, by reporting one of it's many "secret" stories it has been sitting on for who knows how long.
Stay tuned for next up, THE NOVEMBER ELECTION PREDICTIONS.
stephenhsmith
29Sept2006
