We have been hearing about more and more stock market-based Recession Specials. The latest one comes from Sandro’s, a traditional Roman Italian restaurant on the UES (81st nr 2nd Ave). Starting today, Monday through Friday from 4:30pm to 6:30pm, Sandro’s pastas are priced at the first three digits of the day’s closing of the Dow Jones Index until the Dow breaks 11,000, i.e. circa 2012. While I’m no Alan Greenspan, I can guarantee you this special ain’t going away anytime soon. So, if the Dow closes today between 7,500-7,600 the price of any pasta will be between $7.50-$7.60, or about a third of the regular prices of $19-21. Some other stock market based specials, including one involving bottles of wine, follow…

The “Market Tanked? Get Tanked!” Special at Trinity Place  located in the Financial District (Broadway at Cedar): All drinks are $3 from 3:30 p.m. to 5 p.m. whenever the market finishes in the red.

Bailout Wine by Crushpad: We heard about this special stock market driven wine deal from the good folks at TastingTable. Here’s how it works: the 2007 Bailout Napa Valley Cabernet is a blend of grapes from some of Napa vineyards. Bailout’s prepurchase (aka futures) price is $39 (not a bad starting price considering the high price of most Napa cabs). And the price can only get better from here; (1) You preorder the wine for $39 per bottle and Crushpad records the closing value of the Dow Industrial Average on your purchase date, (2) For every 100 points the Dow drops from the purchase date, Crushpad takes $2 off the final price of each bottle (which can go as low as $9 per bottle), and (3) The final price will be settled on August 14, 2009, and you’ll be reimbursed for the difference (consider it a “stimulus check”). Your wine will then be bottled and shipped.

Unfortunately, the market has pretty much bottomed out and will likely not fall further enough to truly make this an incredible deal. The time to have signed up for this deal would have been this past Fall, not now.

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