1998 Election impact on market Message Board

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Politics : 1998 Election impact on market

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To: Roger A. Babb who wrote ()	11/3/1998 10:56:00 AM
From: Kevin Podsiadlik	Read Replies (1) of 26

1. I have to agree with the prevailing opinion that it is a Republican Congress, perhaps balanced by a Dem president, that rallies the markets at least as far as politics can rally them, which I think is a bit less than you seem to think. 2. An unlikely scenario (more realistic, for now, a filibuster-proof Congress, ie 60 Reps), but I must disagree with you assessment of the impact that would have. 67 Republican senators would have Clinton's head on a plate by Valentine's Day. 3. If the election goes this way will you give up on shorting Net stocks? <g> Frankly I think a maintenance of the status quo is the surest way to cause the impeachment inquiry to drag on. And if the impeachment dragging on is going to cause a crash, well then dang it we're going to crash. My guess is a 5-6 seat Republican pickup in the Senate, enough to force Clinton to actually use his veto stamp on a bunch of tax reform bills. Clinton gets impeached but not convicted, and the market dances to Greenspan's tune regardless of it all.

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