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To: bobby is sleepless in seattle who wrote (4333)11/11/2000 9:10:52 AM
From: kha vu  Respond to of 8925
 
NYTimes Sat:
nytimes.com
<<<Will Nasdaq's Fall Haunt the Democrats?
By GRETCHEN MORGENSON
MAYBE 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.

....>>>