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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (34969)	11/6/2000 8:48:40 AM
From: gerard mangiardi	Read Replies (2) \| Respond to of 50167

i seem to be in a minority with regard to the election. long term i think a bush win will be awful for the markets. a large part of the growth we have been experiencing has been the result of fiscal discipline at the federal level which has allowed the fed to be stimulative in its policies. i believe that a bush win with a republican congress will kill that fiscal restraint and any stimulus we get from a tax cut will be more than offset by the fed which will be concerned by an overheated economy which will result. this will inevitably lead to a monetary crunch.

To: IQBAL LATIF who wrote (34969)	11/6/2000 11:27:07 AM
From: James Strauss	Read Replies (2) \| Respond to of 50167

Full Steam Ahead... ********************* Market breadth is looking much better on this election eve... finance.yahoo.com The A/D line and New Highs on the NYSE and Nasdaq are looking very positive with a 3:1 and almost 2:1 New Highs to New Lows ratio on the NYSE and Nasdaq respectively... The NDX is in an uptrend and needs to close above Friday's high of 3360... bigcharts.com That also puts it safely above the intermediate term downsloping trendline... We may see some choppiness leading into a nice afternoon rally as CSCO gets ready to launch the next move up in the technology sector which should give the whole market a lift... Jim