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

To: Alan Whirlwind who wrote (7955)	9/14/1998 6:14:00 PM
From: sea_biscuit	Respond to of 42834

You are insulting the electorate's intelligence. As far as the voters are concerned, this whole thing is a big yawn. Nothing new at all. That is why 2 out of 3 voters don't want him impeached, and 3 out of 5 voters approve of his job performance, don't think he should resign and are content to censure him and move on. Dipy.

To: Alan Whirlwind who wrote (7955)	9/14/1998 6:14:00 PM
From: Jeffrey D	Read Replies (2) \| Respond to of 42834

Note the attached story on the market's upward surge today. Note the title that stocks surge on hopes for global stability. Now read the article. Like so many I have read today and last Friday, the authors claim that the stocks have soared because investors are relieved that Clinton will keep his job. Heck, the Starr report wasn't even public until after the market closed on Friday. So much for global stability, I guess. So, are we to feel Clinton is the savior for those of us with long positions? I think this is just another way the media is spinning the situation in Clinton's favor. It's almost enough for me to wish for the market to plunge again. Problem is if it happens global Instability will get the credit and not the fact Bill will keep his job. How irritating! Jeff <<U.S. Stocks Surge on Hopes for Global Stability 16:52 09-14-98 NEW YORK (Reuters) - Stocks soared Monday as Wall Street bet that President Clinton would keep his job despite the White House sex scandal, and on hopes that world leaders will start to tackle the global economic crisis. The Dow Jones industrial average jumped 149.85 points, or 1.9 percent, to 7,945.35, according to early tallies. In the broader market, advancing issues beat declines by a 2-1 margin on active volume of 713 million shares on the New York Stock Exchange. The gains extended a rally that started late Friday on relief that the report from independent investigator Kenneth Starr was less damaging than feared to Clinton. ''What we are seeing is a relief rally that started last Friday and continuing on its own after the market over-corrected,'' said Robert Froehlich, chief investment strategist at Scudder Kemper Funds. The Nasdaq composite index rose 24.05 points, or 1.5 percent, to 1,665.69. Talk of concerted action by global leaders to soothe markets, including the possibility of rate cuts, helped fuel the rebound in stocks, analysts said. Meanwhile, Clinton called for a meeting of world financial leaders to discuss how international institutions would cope with the spreading economic crisis that has gripped Asia and Russia. He also said major industrial nations should ''stand ready'' to use some $15 billion in International Monetary Fund emergency funds to help stop the financial contagion from spreading to Latin America and elsewhere.>>