David Coffaro Vineyard and Winery Winemaker's Diary

October 31 - November 6, 2010 

Thursday November 4, 2010

I have been trying to write this diary entry for two days, but I have been busy celebrating the San Francisco Giants World Series victory. Pat's birthday was October 24 so on that day I ordered her two Club Season Seats to all 81 Giants baseball games next year. Her sister and she are big fans and I even may go to a few games. Obviously we won't be able to go to all the games so if any of you are interested we will have Club Seats available for $55 part way down the Right field line. 

I have also been looking at most of this Political talk. I wanted to make a prediction on the Stock Market. It will go up!! More on that later.

I have said this before. Greed will take over the world. I really feel sorry for those in the need. After this election the Rich will now get even Richer. 

Some of you might have missed it. The Fed yesterday has promised to pump 600 billion to one trillion more money into bonds. That will send the Stock Market up to possibly new all time highs. Stocks such as Amazon and Apple have already hit new all time highs. Some stocks such as Microsoft and Cisco are lagging and their companies have a whole lot of cash. I think they are way undervalued. Eventually with so much cash hoarded by most big companies, they will start hiring and the economy will take off.

That is where the Republicans will help. Republicans have never balanced a budget when in power. Eventually inflation will take over and the Stock Market will benefit. Buy now and sell later.

I Remember 1994 just after the Republicans took over the House for the first time since 1954. The Dow Jones Industrials went from 3700 to 11700 in 6 years on January 1, 2000. Clinton was our President. Today we are at 11400. Like I have said before the Stock Market goes up when A Democrat president is in office and with the Republicans taking over the House again I see the market continuing to rise. Time will tell whether History repeats itself. 

I know these statements may seem simplistic but I don't think this is the place to explain my thinking anymore. Send me an e-mail if you would like to discuss my thoughts in more detail.


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