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To: Stephen who wrote (56905)	11/3/1998 2:20:00 PM
From: HairBall	Read Replies (2) \| Respond to of 58727

Stephen: Well, if the Republicans gain seats: Mr. Market will like the possible Tax Cut. This will give John Q. Public more money to spend and some will help fuel the economy and some will be invested into Mr. Market. Mr. Bonds will not like the possible Tax Cut, because he would prefer to pay down the deficit and bring down interest rates. Mr. Market will not like the possible extended impeachment proceedings. AND AN ADDITIONAL POLITICAL NOTE: As Democrats rail about campaign contribution reforms, they always fail to mention the biggest contributor. Yes, you are one step ahead of me...Tax Money! Yes, John Q. Public has come to expect a payoff for voting Democratic and yes he/she expects to get compensated with Tax Money wealth redistribution, in some form of government program. Of course, said voter has never been required to actually contribute a penny of Tax Money in his or her life to get Tax Money. Let's just call it the USA's slice of socialism. So there are pros and cons. <g> Regards, LG

To: Stephen who wrote (56905)	11/3/1998 2:59:00 PM
From: AlanH	Read Replies (1) \| Respond to of 58727

Stephen, re:A couple of days ago I read that the markets may fall because of the Republicans gaining seats and today I read that people are waiting to see if the Republicans gain the expected seats as this would be positive for the market Tweedle-dee... The market always looks for an excuse. <g> A few more Republican seats would significantly streamline the ability to pass legislation which favors constituency. (As an example, consider that with a handful of additional Senate seats, the filibuster would be eliminated from the Democratic arsenal.) In context with an at-risk lame-duck President, the Democratic Executive branch would be further weakened. [Keen sense of the obvious, eh?] The market... er, media would likely intensify questions concerning impeachment, sustained IMF funding, FOMC activity, US Treasury Sect'y tenure, etc. My guess is that certain cabinet members -- including Rubin -- would re-examine their careers. <g> Having said that, smart money (aka, power) will spin whatever is convenient IMO. BWDIK, Alan

To: Stephen who wrote (56905)	11/3/1998 4:58:00 PM
From: Trey McAtee	Respond to of 58727

stephen-- i read the same thing...basically, if the republicans do REALLY well, its bad for the market because it will be like a mandate to impeach clinton (i want the SOB impeached...i just dont want it done for lying about lewinsky...this guy makes nixon look like an alter boy and i want THAT stuff to come out). if they just do ok, or worse than expected, then they will probably just give him a slap on the wrist. of course, its also bad because then the market may not get the tax cuts they want. its all a bunch of BS. dont give it a second thought unless you are planning on making a bet on the election...can you guys still do that? if so, put $10 down for me on gov shrub(governor george bush jr.) to beat mauro in texas by 20 percentage points...easy money<G>. good luck to all, trey