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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (49243)11/12/2000 3:11:36 PM
From: Lee Lichterman III  Read Replies (1) of 94695
 
>>I bet ya NAZ will explode to the upside if Gore will be the winner<<

Well I was watching the futures that night and it was clear that at least as of that time, the market was scared to death that Gore would win.

Of course you are probably correct now that we will head up once this is all resolved but not for any pro Gore reason IMO. Now that the election is behind us, we know that we have a 50/50 Split in the Senate and a House that is close enough to create Gridlock. Therefore Gore can try to do whatever he wants but isn't going to get anything done in the next 4 years. The market will simply welcome a resolution to the Presidential mess and use it as an excuse to rally. Besides Clinton still needs to get out the door with an up market and I fully expect liquidity injections of Massive proportions. He doesn't want to leave with the first down market of his reign as he goes out the door. The Y2K injections will look like nothing compared to what we are about to get. <NG>

Good Luck,

Lee
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