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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (21203)	11/3/1998 11:16:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Democrats narrow gap on Republicans -- This will have an impact on the markets-- The Lewinsky scandal appears not to have done the serious electoral damage for which Clinton's opponents had hoped, reports Mark Suzman from Washington US Democrats have significantly narrowed the gap with the Republicans in the run-up to today's Congressional elections - dashing Republican hopes that the Monica Lewinsky scandal would seriously damage President Bill Clinton's party. Following two weeks of frantic campaigning, a string of last-minute voter surveys found key races evenly balanced. At least six Senate races and nearly a dozen House seats are regarded as too close to call, with the key for either side expected to be voter turnout. Although two separate polls at the weekend gave the Democrats a slight overall edge nationally, conservative Republicans are still expected to vote in larger numbers because of their disgust at Mr Clinton over his affair with Ms Lewinsky, a former White House intern. A poll by the Pew Research Center published in the Washington Post yesterday found that 46 per cent of likely voters said they would support a Democrat for the House, while 44 per cent said they would support a Republican. Two weeks ago, 48 per cent of likely voters favoured the Republicans, while 43 per cent favoured Democrats. In an effort to ensure loyal Democrats go to the polls, Mr Clinton made a series of appeals to African-Americans - a core Democratic constituency who traditionally do not turn out in high numbers in non-presidential elections - to vote. "Everybody's vote counts unless you don't show up," he said in an interview with a black radio programme. "If we want our voices heard and we want to continue the progress of the last six years I need some support in Congress." Republican strategists were yesterday playing down their chances, with most now predicting only a slightly increased majority in both houses. As recently as last month, party leaders had been forecasting an overwhelming victory. However, a string of recent policy successes by Mr Clinton, public exhaustion with the Lewinsky scandal and several strong campaigns by individual Democratic candidates Democratic have helped the Democratic party shore up its support. "The Clintons have both done a very good job in the past month," said Karlyn Bowman, a political analyst with the American Enterprise Institute. "Bill Clinton has looked very presidential working on Middle East peace and the economy while Hillary Clinton has helped Democrats out in key races," she said. Overall, 34 Senate seats and 36 governorships are up for election, in addition to all 435 seats of the House of Representatives. The most closely watched races are in the Senate. The Republicans have an outside chance of gaining the five seats necessary to give them the 60 votes needed to overcome legislative filibusters. Solid Republican gains could also encourage the party to move forward with impeachment proceedings against Mr Clinton. However, the White House is hoping that a strong Democratic showing will make Congress more likely to agree to a punishment short of impeachment, most likely some form of censure. Republicans are expected to add to their 32 state governerships, but Democrats seem likely to win the single biggest prize - the governorship of California. Election night guide, Page 7 Editorial Comment, Page 15

To: IQBAL LATIF who wrote (21203)	11/3/1998 11:33:00 AM
From: kahunabear	Respond to of 50167

IQBAL, Thanks for the post. I will start to follow your thread more closely. I tend to be pretty bearish, but mostly because I like to buy stocks cheap. I have weathered this market storm pretty well. In fact, the storm has made things a lot more interesting for me. Here are a few rules I follow that might give you an idea of my style: Message 6179219 Short term trades (minutes to a week) - I like to take small positions when I see overreactions up or down and skim a few points on the bounce back. I catch the falling knife but I have to see real panic or great value. Longer term trades (weeks to a few months) - I also take larger positions in volatile value stocks and supplement the wait by selling options. If the stock gets called away then fine. Sometimes I do this with shorts and puts. I like to leg in to the stock first. Thanks, WS