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Technology Stocks : Seagate Technology
STX 258.21-1.7%Nov 14 4:00 PM EST

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To: William Epstein who wrote (6402)12/11/1998 4:52:00 PM
From: William Epstein  Read Replies (1) of 7841
 
heirtag;

I think your on the right side of the options game, at the moment. Although, we all, on this SI, want to avoid bringing in extraneous events so that we can remain focused the impeachment proceedings can no longer ignored. I have noticed that the market started going down,as soon as, the elections were over and these hearings resumed in earnest. I believe, that no one one the floor nor investors themselves wish to admit the depressing effect that these hearings are having on the market for fear of making it worse than it is. The last several years, if memory serves, the market has been up around Christmas time, despite all kinds of things and events. The difference this year is that impeachment, even frivolous impeachment is very serious and a lot more serious than we collectively wish to recognize but it is showing anyway. The stupidity in Congress is beginning to permeate everything, everywhere. Its a safe bet that the market will continue to go down, maybe for several months.

By the way, in listening to the arguments I was struck by how lousy this group of lawyers really is. I wouldn't pick any of them to represent me for a traffic ticket. Now I know why they are there. They can't make it on the outside where all the other lawyers are.
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