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Technology Stocks : CMGI What is the latest news on this stock?
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To: Debs who wrote (959)8/2/1998 6:53:00 PM
From: CYBERKEN  Read Replies (2) of 19700
 
The positive Clinton effect on the stock market has always been a very foolish myth, and I would find it a very healthy trend if that psychological factor was finally washed out by this summer correction.

If one could only predict political events, stock prices would be a piece of cake. But longer run, the tenuous position of this administration and its party increases the probability (albeit slightly) that tax sanity may eventually find a home in Washington.

Long run, that's very good for markets and the economy in general. Entrenched corruption in the government has been an increasing negative for investments for many decades. And the tendency to accept the corruption on the part of the 25% of us who favor this president is the most dangerous trend of all!

I would personally tolerate a severe correction caused by the destruction of this cretin's political career for the good it would do the country (& eventually the economy and markets).
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