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

To: Roger A. Babb who wrote (19)	11/4/1998 3:17:00 AM
From: Muthusamy SELVARAJU	Respond to of 26

Roger, It's so refreshing to see you on the bullish corner, as I've been only too familiar with your consistent bearish predictions for CTXS. As someone from the Orient, I have observed a consistent pattern whereby stocks take off over a 2 month period prior to the Chinese Lunar New Year, which should fall around mid-January. Therefore, for that and other reasons, I too am very bullish on stocks world-wide with the recent elections, but now that you've turned so bullish, I begin to wonder if I should change my mind.... Good investing to everyone.

To: Roger A. Babb who wrote (19)	11/4/1998 5:47:00 AM
From: Hiram Walker	Read Replies (1) \| Respond to of 26

Roger, you are right, the rally will continue. Elections are short term positives or negatives,but as long as uncertainty is removed it is good for a short time. The next big event does not take place in America anyway. The next big event is the EURO at the end of the year. I am hoping markets rally big time in Europe going into the end of the year. This will be the collapse of Europe for sure,as Germany will disintegrate,and Europe will flow into a big garbage dump of losses on top of losses,both in profits and financial markets. Europe has significant exposure to emerging market debt,and has significant pressures coming from declining export markets. Once Europe collapses and political and social infighting begin between countries the eyes will refocus on the US. At that point we are the only market left standing,and the contagion will make us sick like Senior Citizens on their first Carribean Cruise. The US will emerge first from this recession,and so will the next great default currency of the world the Yuan. China is looking like it will replace the US in the next century as the currency with the greatest influence. The Euro will have significant problems as European Nations move toward socialism,it will limit their response to internal events. Hiram