Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Trebor who wrote (3023)	1/24/1998 11:14:00 AM
From: edward miller	Respond to of 42834

>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.< Well, I'm not so sure I'd agree completely. Spiro was long gone before Watergate mushroomed - remember Gerald Ford was VP - and the Cold War was just a continuous reality, so it didn't cause big changes in psychology day to day. Actually, the degree of problems may not matter that much. What I wanted to point out is that when Watergate had Nixon's attention, it had all his focus, and everyone on his staff, so they literally ignored their roles as leaders. I don't think "Zippergate" will become like Watergate in terms of the factual content. If people become focused on this scandal so much that they loose faith in the leadership to the point that it affects their daily emotions, people will stop buying because their confidence is shattered. The impact can be devastating. On the other hand, I don't really think it's going to be that bad. It was important to point out that these issues CAN affect the market, and have in the past, so keep your "feelers" alert for signs of decay in confidence - else you may get blindsided by a downturn that you didn't see coming.