To: Elroy Jetson who wrote (53997 ) 9/27/1998 11:12:00 AM From: NickSE Respond to of 58727
I wonder what kind of TA the Republicans are using? Anyone? Judging by the posts on this string and others, we should now have an unusually good opportunity to make extra trading income. It appears that a large percentage of the trading population are distracted by the noise coming out of Washington DC and thus trading off their game. Many of us should be able to take advantage of their emotion charged irrational trading decisions in the coming weeks! Sheep to the shearing. - EJ</v>US SENATE GOP: DO CLINTON'S MONICA WOES IMPERIL WORLD MARKETS? --Republican Policy Memo Probes The 'Monica Market' By John Shaw WASHINGTON (MktNews) - In a policy memo that makes the Laffer curve look like astrophysics, Senate Republicans have reduced the baffling complexities of the world's economic woes to one epic force: Monica Lewinsky. The memo traces the stock market's 1998 volatility, noting that in 11 of the last 18 sessions the Dow Jones Industrial Average has moved one percent or more. It further notes that in 61 days this year the market has moved by at least one percent. "While obviously many factors affect the financial markets on a day to day basis, also obvious -- particularly since August -- is that the President's predicament has been one of them," the memo says. Charting the trajectory of the Dow Jones against the backdrop of the Clinton scandal, the Senate GOP memo argues that "even over the course of the year's entirety, the market's performance has broadly tracked the predicament of President Clinton." The memo sets out a timeline for such historic events as "the Story Breaks," "Susan McDougal released from prison," "Lewinksy granted immunity", "Lewinsky turns over physical evidence" and "Clinton admits to 'inappropriate relationship'" and links them to swoons in the market. "It is a legitimate concern that President Clinton's past, current and potentially perpetual problems will serve to undermine an already weakened American economy and even weaker global one," it says. "Rather than the 'bull' or 'bear' market, do we face a 'Monica market,' hallmarked by dramatic and discomforting volatility?" the memo questions. ** Market News International **