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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Lars who wrote (2737)1/7/1999 5:59:00 PM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
** Market Commentary ** Note that we had 1.2B volume on the NASDAQ today and we pushed it up only a few points. Suggests to me we had some sellers today. Recall that at the bottom we had huge volume and we did not move the NASDAQ any lower. Could the same thing be happening in reverse? Are we setting a temporary top in the NASDAQ?

As I posted early on, I thought impeachment surprises would be on the side of impeachment and conviction. I am still thinking this way at this point. I am not saying the President will be convicted. I have no idea. But I will say that this thing has the potential of putting the Presidency in question. There may be a time when things look less certain that he is not in jeopardy which goes against conventional thinking. It has not made any difference in the markets lately, but I am thinking if liquidity dries up at the end of the month these two events could feed upon one another.
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