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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Ted Downs who wrote (60015)11/5/2000 10:39:40 PM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 769667
 
CNN says Bush 47% & Gore 45%; Zogby says Bush 47% & Gore 46%

Nader voters are switching to Gore and Undecided vote is going for Gore.



To: Ted Downs who wrote (60015)11/5/2000 10:41:01 PM
From: Ted Downs  Respond to of 769667
 
November 5, 2000

MARKET WATCH

Will Nasdaq's Fall Haunt the Democrats?

By GRETCHEN MORGENSON

AYBE it's time to replace the famed
campaign slogan "It's the economy,
stupid" with "It's the Nasdaq, numskulls."

The amazingly close presidential race has
puzzled investors accustomed to believing that
as long as the nation's economy is strong, the
incumbent party will be returned to power. Al
Gore himself, locked in a down- to-the-wire
battle, can only wonder why this year may be
different. "We've had such prosperity for so
long and Greenspan gets more credit for it and
technology gets more credit for it," explained
Tom Gallagher, a political economist in
Washington for International Strategy and
Investment.

Declining stock prices are also working
against Mr. Gore. While economic news
remains relatively rosy — unemployment is
low, and so are mortgage rates — share
prices have gone sour.

Although the broad market averages are
basically flat this year, the Nasdaq composite,
where individual investors have placed many
of their bets, has been hammered. It is down 33 percent from its March high.

If Mr. Gore triumphs on Tuesday, the market should continue to move sideways. A Gore administration would probably continue attacking tobacco companies and would squeeze profits at health maintenance organizations and drug companies. Indeed, Mr. Gallagher said few industries or companies were likely to benefit from a Gore presidency.

Excerpt from Sunday NY Times



To: Ted Downs who wrote (60015)11/5/2000 10:49:29 PM
From: Selectric II  Respond to of 769667
 
Thanks, I understand.