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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant? -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (4047)	11/3/1998 8:20:00 AM
From: Scotsman	Read Replies (1) \| Respond to of 4697

Who knows for sure. Being politically oriented, I think that how the market reacts will depend quite a bit on how the elections go today. It is pretty much a foregone conclusion that the GOP will hold on to both houses of Congress, but if they make major gains it could add confusion to the future. On the positive side, a large GOP gain, with a filibuster proof Senate, would go a long way to reducing taxes and setting up 2000 for some major tax relief( since Clinton will veto any tax relief.) On the other hand, a large GOP gain will signal continued impeachment, a definate unknown and probably a drag. So we will see tonight.