Clinton's Bear Market - Clinton's Legacy Message Board

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Politics : Clinton's Bear Market - Clinton's Legacy

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To: norcaltoo who wrote ()	5/18/2000 11:40:00 PM
From: Eashoa' M'sheekha	of 19

It's A Set Up. The tech market will be poised for gains unlike anything we have seen so far.But this won't happen till the inflation dragon has been slayed.Better do it now than in the late summer into the fall when election fever really takes hold. The American focus on elections is usually concentrated to about a three month period.So,after maybe just one more small rate hike(.25) in the summer or maybe even no rate hike( i think .25 will happen and numbers showing slowing inflation levels ),we will be well set up for a major rally extending into the elections and beyond. Why you ask? Big Al( the inventor of the internet )has an image projected as a techno innovator type guy and will use this opportunity to further his influence leading up to the election.But the market needed some medicine before it could return to the race healthy and all charged up to run to a new NASDQ 6000 level.People will have forgotten this latest downturn and problems brought on by surgical government legislation and control. This crack at MSFT and today Worldcom is really a good thing in the long run.It will provide a wider scope of opportunity for smaller to mid-size companies to participate in the tech revolution and insure innovation is allowed to progress on a competitive and balanced playing field. The oil dependency will take care of itself too over time, but it needed just this kind of shock to the system to increase investment in the need to actually do something about it.Technology will and has played a big role here, but the increased consumption of energy through the growth of use of electronics will continue to balance this out,to some degree.Natural gas will become increasingly accepted in North America as pipelines and new discoveries make it more readily available and power systems and users convert. The Reagan ? Stay The Course ? policy of trickle down economics and the Bush era of increased military spending and strengthening after the Fall of the USSR and during the Gulf War, set up the good times for Clinton to bask in the Sun of unprecedented growth and economic prosperity in times of peace.But it cannot be denied that Al Greenspan has done a good job of keeping the dream alive while maintaining a check on the World economy,through events like the Asian flue ,the Peso devaluation and other global calamities that could have derailed this train of economic prosperity. In closing,I will add simply this?what is good for the economy and World Trade is good for the stock market in the longer run,and I think this will be the Clinton legacy that he so desperately needs to have written in the annals of History.Al Gore will be set up to carry the flame for the next Global Economic Olympics that should see prosperity reaching well beyond America?s borders in the form of technological advances in communications that will unleash a watershed of true Globalization.The future is bright .You have a lot to be thankful for,but the medicine has been administered .It will get better. Much better. Regards

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