To: Doughboy who wrote (3886 ) 9/4/1998 11:16:00 PM From: Dwight E. Karlsen Respond to of 13994
I think politics is like the stock market; the scandal of the Starr report is already factored in. The Clintons have already warned of their shortfall. The worst is already past--unless of course Starr has some absolutely explosive revelation that no one could have possibly conceived. Therefore, Clinton has to simply beat expectations this Fall, and he's back on track. There will be no impeachment hearings. There will be no resignation. Ah, I see. Sorta like when the Thai Baht collapsed over a year ago? Followed by the Maylaysian Ringgot? Then like how the Hang Seng fell a couple short months later, last October? And then the market absorbed the fall of the Asian tigers; "factoring them in". And Korean Won fell in Dec 97/Jan 98. The market "factored all this in", then went on its merry way to rally to new and incredible heights in July. Then it was August. And guess what? Asia hadn't gone away. The problems were still there, only more obvious. Then the Yen took the cue. Ah yes, it's all so predictable. Then it was late September, and the Starr report was submitted to Congress. Then it was October, and Congress found the resolve to do its duty. A heavy responsibility, but they were sufficiently sobered by the report that they knew what the only course was. They had to hold hearings, or so said the committee which reviewed the report. And so they did. And the problems so easily glossed over by the Clinton spin team in late August/early Sept were still there, only more obvious. Then the dollar took the cue. Followed by the already previously battered stock market. Ah yes, it's all so predictable.