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


To: Roger A. Babb who wrote (8)11/2/1998 10:44:00 PM
From: Zoltan!  Respond to of 26
 
>>I agree that the current bull market started in early 1995

November was the trough and they started up in December 1994. There can be little doubt that it was in response to the elections. What amazes me is that the current resumption of the rally began from almost the very moment that Congress voted for a impeachment inquiry against Clinton.

>>The bull market accelerated with the Clinton win in 1996.

No, it continued as Reps continued to hold Congress. I guess that fits your theory.



To: Roger A. Babb who wrote (8)11/2/1998 10:45:00 PM
From: dougb 1  Respond to of 26
 
This market likes the fiscal responsibility of the Republican congress. Especially since it became evident by 1996, that the pragmatic Clinton had adopted the same. The strength of the current market accelerated with the '94 election, and has been up recently, as we expect no change. If the Democrat congress returns with their "tax & spend," I hope I am not in a long position!

The market looking months ahead, would not decline, or be affected at all, from any "anticipated" election returns.