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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (83331)	8/27/2000 9:23:34 AM
From: Rarebird	Read Replies (2) \| Respond to of 132070

<Btw, with regard to the current market environment, some folks think we're heading for a bear market.> Market internals have drastically improved since the April/May correction. The A/D line looks fine to me. The NYSE has hit a new high, along with the Utilities, recently. I have a green light in regard to equities till the election, possibly through the Winter, especially if we get more Gridlock in D.C, which means a Gore victory and a Republican Congress. That's what I'm hoping for. The stock market has more than tripled since Clinton took office in 92. I agree that Reagan provided the groundwork for that. But Clinton was as tough as nails and a very strong President for the equity market. Sure, Clinton has some radical liberal tendencies, but a Republican Congress squashed that. I think Clinton did a damn good job as President. You don't get more Free Trade and Free Enterprise than Clinton. So, I don't see the validity of the conservative economic critiques. As for the moral critiques, I think the moral fanatics and cry babies should grow up and judge themselves. I have absolutely no respect for the "Moral Majority" in this country and I would like to see the Republican Party Platform completely disengage themselves from them. A Gore Victory here might finally move the Republican Party into the Center on Social Issues. The question as to whether the equity market is headed into a Bear Market depends on whether we get a hard or soft landing. Most people think a 7% Fed Funds Rate brings on a Recession. Greenspan is on hold IMO till early next year when he begins to see the effect of his 175 basis point tightening. Yes, I see some radical easing of monetary policy also going forward. Any Perma Bear with a half a brain who stops whining and crying like a Moral Sissy for a moment, should be able to figure out where Greenspan's allegiance lies. Enjoy the Rally.