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Politics : 1998 Election impact on market
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To: Roger A. Babb who wrote ()11/2/1998 9:50:00 PM
From: Alan Lee  Read Replies (1) of 26
 
Not to get nit picky, but you appear to suggest that the difference between the market crashing and the market exploding is only the difference between "Republicans ... picking up several seats" and "Republican gains are small". I think that either of these extremes (market crash, market explode) will only happen if the election results are extreme (big Rep. gains, big Rep. losses), with the most likely scenario being somewhere in between. That is, Republicans gain a few seats (i.e. somewhere between "several" and "small") with the current market rally continuing, probably at an accelerated pace. In other words, I think we agree.:) I also think there will be a growing consensus that the impeachment farce has gone far enough to make its point, and that any serious attempt to carry it through will result in a major public opinion backlash against Starr, et al, with the likely result it will come grinding to a halt. In any case, I don't see it having too much of an affect on the market, unless something shocking comes up.
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