Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : 1998 Election impact on market -- Ignore unavailable to you. Want to Upgrade?

To: DavidG who wrote (2)	11/2/1998 9:05:00 PM
From: Roger A. Babb	Read Replies (1) \| Respond to of 26

David, my view is that the market is happy when a balance of power in Washington, such as we have had for the last two years, prevents either side from taking extreme actions. Clinton is popular only as a balance to Newt and his buddies. My prediction was based on an expectation that the market would view a shift in the power balance very negatively.

To: DavidG who wrote (2)	11/2/1998 9:27:00 PM
From: Zoltan!	Respond to of 26

>>It looks like the Market likes Clinton, up when he's out of trouble and down when he's in (it). Not true. The recent rally began just two hours before the House voted to pursue the impeachment inquiry, with only 5 members voting "no". Impeachment by the House has been a foregone conclusion ever since then. Remember, the huge rally began in November 1994 when the Republicans took the House and Senate in that historic election. Most people would regard both events as putting Clinton "in trouble".