Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (2418)	12/8/1998 11:35:00 PM
From: marc ultra	Read Replies (2) \| Respond to of 15132

re:impeachment. I suggest everyone keep aware of how this is going. While I believe for various reasons Clinton will not be impeached on the house floor this can clearly go either way at this point and I think impeachment could be devastating to the markets at these valuations. The problem is once a house impeachment successfully occurs you've set in motion all types of historic and momentous activities once it's presented to the Senate. We are no longer talking about gridlock but we are talking true instability with a lengthy trial in the Senate with the Chief Justice presiding and a lot of open questions as was brought up today like whether the incoming new House has to re-present the case to the Senate etc. I believe absolutely none of this has been discounted by the market as it was assumed impeachment would be a dead issue on the House floor after the elections. Since, again I don't think they're going to successfully impeach I'm going to take my chances and go along the rapids and hope there's no waterfall coming up but everybody's saying this is going to be close now one way or the other and if I thought impeachment was likely I would take some defensive action. This perceived potential damage to the markets in fact may be one factor in swaying the opinion of undecided Republicans against impeachment Marc