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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who started this subject10/11/2000 4:47:49 PM
From: David Lee Smith  Read Replies (1) of 19219
 
MomentuMonkey Indicator still SELL. Weakness in the stock market makes Bush the stronger candidate. He can point to the folly of the Clinton administration for creating a bubble that is now bursting. On the other hand, a market recovery would favor Gore as he could say the Democrates handed the nation the longest economic recovery in history. Bush's social security program would infuse a huge amount of capital into stocks. Index funds or their surregates could explode. With the Middle East leaders playing American politics, I would expect oil prices to stay high until after the election, and I would expect the stock market to continue to slide (perhaps crash) in the next few pre-election weeks. That should set up a Bush victory at a major stock market bottom. A great start for the GOP!
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