Re: More Screwball Ideas, but Better than Buying COMS at 32!
For those Conspiracy theory nuts try this on for size... While many in Congress are chomping at the bit to Impeach Clinton, they are also mindful of the negative impact that would have on their 401k's, IRA's, and other market investments... So, while we may see a lot of negative rhetoric, greed will win out... Clinton will be censured, but will remain in office... To lend credence to this Crazy Screwball Idea, Newt Gingrich spoke before the House today on what is considered proper decorum during this House review of the Starr report... Newt must be heavily invested in the market...
You certainly may be right. Here's another one, courtesy of Jim "TheStreet.com" Cramer's wife, the Trading Goddess. She posits that there may be a relief rally upon Clinton's departure, given how sick Americans are with the investigation and the man. I think this may be possible, with two huge caveats:
1. If Gore runs into trouble with the Congressional campaign finance investigation, the appearance of instability and leaderlessness could have a severe impact on investor psychology (you think the Dems will countenance President Newt? How about a 96-year old President? Or President Albright?).
2. World problems could trump any relief rally or attempt to maintain the status quo.
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