Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: BDR who wrote (16082)	12/13/1998 1:16:00 PM
From: Roger A. Babb	Read Replies (1) of 18691

Dale, no point in further discussion of the impeachment and Clinton's disgusting behavior that led us here. The point is that the impeachment procedings will be very negative for the market and are now likely to drag on for months with a related result that many of our pro-business Republican Congressmen will be thrown out by the voters in 2000 and we may face another 20 years of Democratic Congress. Let's focus on how to profit from the ugly mess. I would guess that this mess will lead to long delays in meaningful social security or tax reforms. The hoped for investment of social security funds in equities is likely dead now. Additional capital gains tax reductions likewise delayed. Big new government projects delayed. Current white elephants live on. Time to start building short positions.

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