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Politics : Clinton's Scandals: Is this corruption the worst ever? -- Ignore unavailable to you. Want to Upgrade?


To: Machaon who wrote (4594)9/10/1998 4:16:00 PM
From: John Hensley  Respond to of 13994
 
Bob-
So, you don't think this large dump in the market has much to do with the attack on Clinton. I would assume, then, that you also feel the market would have had today's mini-crash even if the Starr report said that there was no evidence of wrong doing by Clinton, and shitcanned the report, right?

The market has assumed now for about 1 1/2 months Starr would be delivering an "impeachment report" outlining perjury, obstruction, and witness tampering to Congress sometime in September. If there was no "substantial and credible evidence" and Starr did not deliver a report, that would be very unexpected news, and the market would have a tremendous rally.



To: Machaon who wrote (4594)9/10/1998 4:17:00 PM
From: j_b  Read Replies (2) | Respond to of 13994
 
<< I would assume, then, that you also feel the market would have had today's mini-crash even if the Starr report said that there was no evidence of wrong doing by Clinton, and shitcanned the report, right>>

I notice you never commented on what caused the original 1,000 point drop in the market. Also notice that the market was well down yesterday long before any news had come out regarding the release of the Starr report. No matter how hard you try, you can't blame the market on Clinton's problems.



To: Machaon who wrote (4594)9/10/1998 4:40:00 PM
From: Les H  Respond to of 13994
 
The market would've dropped anyways. It turned back at resistance at 8000 and today, turned back up from 7500. It's traded at both ends of the range twice now in an attempt to try to establish a base.

The greater news affecting today's market was the Brazil currency and how it affects the banks. Brazil was down 15%. The expanding trade deficit reported didn't help either with the dollar.