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

To: marc ultra who wrote (2430)	12/9/1998 6:07:00 AM
From: Justa Werkenstiff	Respond to of 15132

Marc: I agree as this is a scenario that I have been warning about for months. Regardless of how anyone feels about the situation and the eventual outcome, the mere prospect of a trial in the Senate if impeachment articles are passed in the House would be a good reason for a sell-off in this market (especially at this level). This would make the OJ trial seem like a side show. The media would be all over it and the country would be faced with this prospect of a long trial. Couple this with the Fed.'s probable unwillingness to ease and you have a correction waiting to happen. The money flows are strong and momentum is huge but in the face of this impeachment prospect, defensive actions may be warranted.

To: marc ultra who wrote (2430)	12/11/1998 2:19:00 PM
From: marc ultra	Read Replies (1) \| Respond to of 15132

re:impeachment. John Fund? of the WSJ was on a few talk shows last night and had an interesting take I hadn't heard before. He claimed that if things went to the Senate at least two Republicans he knew of would make a motion to adjourn the trial which could be passed by a majority vote and then an assumedly tough censure motion would be offered that could pass the Senate in lieu of a full trial. In terms of market stability I think this would be extremely reassuring but only if such a strategy became more public at some point. The worse thing for the market would be a full trial in the Senate and anything that avoids that is bullish. I have purposefully avoided commenting on what the worst thing for the country might be since that would be strictly political opinion Marc