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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (14786)11/11/2000 9:22:24 PM
From: Jill  Respond to of 65232
 
I hope you're right!



To: t2 who wrote (14786)11/11/2000 11:19:44 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 65232
 
<<A Gore win could lead to lower Oil, drug and maybe tobacco stocks but would not really hurt the techs.>>

On election night, the minute that the networks announced that Gore was "projected to win in Florida", the NDX futures absolutely went into the tank. When it was retracted, they went back up. Early Wednesday morning, when it was announced Bush was the winner, they soared. Around 7am when it was again stated to be "too close to call", they tanked again. I think Voltaire and JWCB will back me up on that.

Make no mistake about it...Gore=bad for tech stocks (and drugs, biotech, healthcare, defense and tobacco). Bush=good for same.