Well, we may have to alter the name of this site, at least for today. My predictions were off by 100%; on the other hand, my post-election thoughs from 2004 look pretty good:
If the Democratic Party were a publicly-listed company, I think I might be tempted to buy a few shares. It is great fun watching the torment and back-biting going inside the Democratic Party right now. But as Benjamin Graham and John Templeton taught, the best time to buy a stock is at the moment of maximum pessimism, and that moment is right now for the Democratic Party.
Of course, today could be the high-water mark for Democrats. With the stock market art record highs (though early morning stock futures are down sharply at the moment), the obvious play is to short the Democratic Party.
More thoughts on the upcoming podcast.