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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (1460)	9/11/1998 10:17:00 AM
From: Wowzer	Read Replies (1) \| Respond to of 7247

Common sense to the average American that isn't jaded by the stock market would say if he is impeached that market tanks. Therefore, I truly belive the market takes off if he resigns or is booted. I also believe that the market takes off if the matter is put to rest and he stays as President. Just get it over with one way or the other. My pick for the next couple of weeks is LRCX a semi equipment maker that has been unmericfully beaten down to around 10 bucks a multi year low. LRCX has 9 bucks a share in cash and has taken some big time charges and restructuring and is well position for the future IMO. IF the market turns I think this one should really move. Also like HDCO Rory

To: Tim Luke who wrote (1460)	9/11/1998 10:43:00 AM
From: Twiford	Read Replies (1) \| Respond to of 7247

All: I'm not sure that Clinton will resign or be impeached. Clinton is too proud and concerned about how history will view him for him to resign. He believes that he can still save his place in history. He values his ability to be the "comeback kid" too much to quit. The Republicans have a good motive to keep Clinton in office. The best political view for the Republicians would be to keep him broken and bloody thru November elections. Following November, impeachment would put Gore in office. That is not appealing to anyone other than hard core Democrats. (Not because they like Gore, but it would mean that Gore would run as an incumbent in 2000). For the Democrats, that would be better than his running as Vice-Prez. The Republicans had rather Gore run as Vice-Prez rather than as an incumbent. Also, Clinton will be hamstrung for the remainder of his term and the Republicans will have control of Congress. Not a bad place for them to be. (politically speaking) Starr's report could trash all of this. If his report is too severe, the Republicans will be forced to begin impeachment. However, this will be delayed until after November. As for the long-term markets, I feel that the worst possible course would be the "broken, bloody Prez" trying to lead for the next 2 years. Rash proposals could arise from Clinton (or worst - Hillary), trying to look Presidential. A long, slow death to the markets. I hope the market has discounted a large portion of this. S~