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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: edward miller who wrote (3018)1/23/1998 12:07:00 PM
From: Trebor  Read Replies (1) | Respond to of 42834
 
>The last time we had real gridlock based on problems directly affecting the President was 1972-1974.<

I'm not sure you can compare the two events. In '72-'74 we had Vietnam and the Cold War going on, plus we'd just gone through the Spiro Agnew debacle, so we had a crisis of confidence in both the No. 1 and No. 2 leaders of the nation. I don't think it's nearly as scary this time.



To: edward miller who wrote (3018)1/23/1998 1:10:00 PM
From: sea_biscuit  Read Replies (1) | Respond to of 42834
 
Don't underestimate the power of a significant turn in investor emotions, especially when we are in such a "can't loose" stock market.

If we look at the graphs of the Dow and the S&P 500 over the last 6-month timeframe, we can see they have gone nowhere. I just wonder how long will the new "30% a year" investors put up with this kind of inactivity.

Dipy.



To: edward miller who wrote (3018)1/23/1998 10:10:00 PM
From: Investor2  Respond to of 42834
 
RE: "The last time we had real gridlock based on problems directly affecting the President was 1972-1974."

I certainly would not call 1972-74 a "gridlock." The anti-Nixon forces were nearly unanimous. A gridlock, in my view, means that the powers to be are so evenly split (e.g., president wants one thing and congress wants the opposite) that nothing can get pushed through the legislative process.

Best wishes,

I2