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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (13226)	12/15/1998 11:51:00 PM
From: LindyBill	Read Replies (1) \| Respond to of 74651

I am trying to figure out how an impeachment vote affects the market. This is the only reason to discuss it. Our opinions of Bill belong on the "coffee Shop" threads. The problem is foreign money. They are likely to react to this, plus all of us here will try to guess how they will react. It builds on itself. I will just stay long and ride it out! I figure a short trial, the Senate will want to get it over. A weak President is good for business, as far as I am concerned. Bill will ride out 2 years without getting a lot more regulation passed. While congress is engrossed with this, they are leaving us alone. Remember, " No man's property is safe while congress is in session!" (Mark Twain) LindyBill

To: t2 who wrote (13226)	12/16/1998 4:11:00 PM
From: Gerald Walls	Respond to of 74651

I am trying to figure out how an impeachment vote affects the market. My gut feeling says that the markets go down before a vote and up after a vote to impeach.(Of course if no impeachment the markets will go straight up afterwards). From today's (12/16) IBD: ... Taking a wider technical view, the Dow's recent pullback can be seen as the near-completion of a "cup-with-handle" base. ... The Dow and other averages traced out similar patterns coming out of the '90 bear market. Like this year's bear, that market topped in July, bottomed in early October and rallied into December. Then it formed a handle in late December and early January '91. The positive technical action came against a negative news backdrop in which the economy had fallen into recession and the country was preparing for war with Iraq. The war started in mid-January, which is when the market broke out of its handle and run up 20% in seven weeks. Despite the market's bullish technical configuration, the conventional wisdom was that stocks would plunge when shooting started in the Mideast. But they did just the opposite. There's been talk recently, mostly from non-market types, that stocks are vulnerable to a sell-off if President Clinton is impeached and/or removed from office. <end of article>