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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (881)	9/10/1998 11:33:00 PM
From: marc ultra	Read Replies (2) \| Respond to of 15132

market future, I think the impeachment hearings will be a weight on the market but not an unsurmountable one if we have more positive earnings suggestions like INTC, ORCL and GE as well as Greenspan antsy enough to pull the trigger on the down side now if things get out of hand. This is however the nightmare political scenario that Bob cautioned about Marc

To: marc ultra who wrote (881)	9/11/1998 6:32:00 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

I2: "Recall Nixon never got to the Senate but we had those lengthy hearings with memorable testimony from Butterfield revealing existence of the taping system and of course John Dean." I watched those hearings as a young teenager and they were absolute killers. They lasted all summer long and lasted all day. They were depressing. But the big difference between now and then is the existence of the independent counsel who has effectively done all the investigative work of the Congress. This is key. We will get a tidal wave preview of the the impeachment issues at one point in time as opposed to bits and pieces all summer long. And then there is the internet distribution system which gives the public instant access. Hopefully, the Starr report will be enough to make the impeachment decision relatively quick and painless for everyone one way or the other. And if impeachment must be pursued, let's hope that Clinton has as much shame as Nixon and will resign under pressure from his party. But anything leading to impeachment hearings will not be good for the market or this country.

To: marc ultra who wrote (881)	9/11/1998 8:02:00 AM
From: MrGreenJeans	Read Replies (3) \| Respond to of 15132

Marc <<I also had thought about that for a moment but remember these are impeachment "hearings" and they will likely call many witnesses before deciding to impeach and send to the Senate >> I disagree. The Congress will not prolong this affair by holding lengthy hearings and calling many of the same witnesses that the Ken Starr grand jury has already heard. The testimony will be no different than that contained in the 36? voluminous boxes submitted by Ken Starr's team. By calling witnesses to once again testify this matter will be drawn out at least another 1.5 years a process I believe no one really wants to be drawn into-politicians or the public. My feeling is that within a few months, perhaps by early next year, this matter will be settled one way or another. The Congress will vote to impeach or not to impeach or the President will be pressured out of office by top Congressional Democrats and will resign. At this moment, the latter seems more likely. In any event, I would be buying equities in here with both hands. Equity prices in here are very, very attractive and may not stay this way for very long. The equity market may stay depressed for a number of weeks and / or months but my / our average cost of purchase will look very good once all these political matters are dealt with. Tense your stomach and keep buying. This is how real wealth is created. On another topic, it looks like the semi equipment companies may be turning in here-Amat, Klac, Nvls, Ter-on good news from Intc and a brighter outlook from National Semiconductor. Just goes to prove that although most of us do not know when things turn around if we buy high quality companies at attractive prices we come out ahead in the end.