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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: S Shaw who wrote (16092)	12/13/1998 10:51:00 PM
From: Roger A. Babb	Read Replies (2) \| Respond to of 18691

Scott, your points are well taken. I think you are right, Congress does not know how to back down and thus will continue down the impeachment pathway. Maybe a possible option would be to handcuff Bill to Hillary until the end of his term............ All in all this is a tremendous gift to the Democrat year 2000 election hopes. It is very likely that the economy and stock market will have a downturn in 1999. To be able to blame it on the Republican led impeachment rather than the Democrats get blamed for it is a gift they could not buy for themselves. I can just see the ads now: "The Democrats under Bill Clinton led the economy and stock market to new highs. The sour grapes Republicans demanded impeachment over a petty affair and the resulting gridlock started an economic slide which continues even today. Vote Democratic, vote for a return to the good economic times of 1998." When it appears that impeachment is certain, short everything. But if they back down to censure, look out for a renewed bull run short term.