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Politics : The Republican Crash 1999
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To: WTSherman who wrote ()12/21/1998 12:51:00 PM
From: themightybruin  Read Replies (1) of 609
 
Actually, the market performance today is unrelated to political events. If anything, the support of former Presidents Ford and Carter has boosted the confidence of the market that there is going to be a censure as opposed to a removal. The market performance today is related to good news regarding upcoming 4th quarter performance.

If you don't think Clinton's potential removal is having an impact on the economy why don't you look at the other global markets. Those markets are far more sensitive to a potential US political upheaval than the US. The time to tell whether or not this will effect the US market will come if the market gets a sense that Clinton will lose in the Senate, and then also, if he is forced to leave office.

Livingston saved the Republicans a huge embarrassment in the 2000 election by resigning. Don't think Gore or whoever becomes the Dem nominee wouldn't have used it to show hypocrisy.

The great thing about the partisan nature of Saturday's vote is that it allows the Dems to point the finger at the elephants if things start to go wrong in '99. Look for a log jam in the 107th, or whatever number it is creating a dramtic swing in numbers one way or the other in 2000. (though probably not as big as '94.)
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