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Politics : 1998 Election impact on market
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To: DavidG who wrote (2)11/2/1998 9:05:00 PM
From: Roger A. Babb  Read Replies (1) of 26
 
David, my view is that the market is happy when a balance of power in Washington, such as we have had for the last two years, prevents either side from taking extreme actions. Clinton is popular only as a balance to Newt and his buddies. My prediction was based on an expectation that the market would view a shift in the power balance very negatively.
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