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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (32973)	11/3/1998 2:38:00 PM
From: gregor	Read Replies (1) \| Respond to of 94695

Hello Barry : This is somewhat off topic but it behooves making a prediction or two since the political climate will impact the state of the markets. I did some research and found out that in the 6 midterm elections since 1945 and Truman's presidency,when there was a Democrat in the White House the democrats lost on average 32 seats in the House. The highest number of 52 was recorded in Clinton's 1994 , when the democrats also lost 8 senate seats. So if for no other reason it does'nt bode well for the democrats today. If the Republicans win even 15 or 20 seats this market may go higher. Discounting the argument of a greater number of Republican seats raising the likelihood that Clinton will be impeached may dampen the market in the short term but even after Nixon's ouster and resignation the market had a nice rally. When Nixon resigned in the summer of 1974 the market was at 650, it then tested 550 and was back to 850 by the next summer in 1975. However it will interesting to see what effect Uncle Greenie ( and his lowering rates) has on the elections. God forbid if people feel the economy is in good enough shape and therefore become complacent, not going to vote, therefore ensuring a greater Republican majority, all under the guise that things are good so lets keep a lame duck president and increase the republican majority in both houses. That logic is so "fuzzy" to me it seems ludicrous but that is the way it appears the American people are thinking.....gregor