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To: IngotWeTrust who wrote (24418)	12/16/1998 5:47:00 PM
From: goldsnow	Respond to of 116790

Business: The Economy Impeachment delay boosts US shares Has calm returned to global stock markets? What had looked set to be a gloomy day for US shares, ended on a more optmistic note after reports that Congress planned to delay its vote on the impeachment of President Clinton. Tuesday's rebound had looked short-lived as shares fell sharply in early trade on Wall Street. A market boosted by General Electric's forecast of "robust gains" on Tuesday headed into the red after a profit warning from industrial group 3M. But reports that Congress planned to delay the impeachment vote because of possible air strikes against Iraq eased some of Wall Street's worries about the removal of President Clinton. The US House of Representatives was scheduled to begin its debate on Thursday on whether to impeach Mr Clinton over his effort to cover up his affair with former White House intern Monica Lewinsky. "This rally is about the delay of the impeachment vote," said Salvatore Patanio, head of trading at Standard & Poor's Securities Inc. The Dow Jones ended 32 points lower, or 0.37%, at 8,7900 after bouncing back from a loss of more than 80 points. The technology-heavy Nasdaq index finished 3 points lower at 2,009. Europe buoyant European shares posted strong gains, despite the poor start on Wall Street. However, traders say that the threat of impeachment proceedings againts Mr Clinton and the renewed crisis in Iraq was keeping a lid on gains. In London, the FTSE 100 index finished 73 points or 1.3% higher at 5630. In Germany, share prices were even more buoyant. Frankfurt's main index, the Dax, was up 88 or 1.9% at 4,663, while the Cac 40 in Paris gained 33 points (0.9%) to finish at 3,707. Asian shares, however, saw little to lift them. The economic news continued to be gloomy, and was blamed for keeping share prices down. Tokyo's Nikkei index was up just 85 points to 14,096, while in Hong Kong the Hang Seng lost 13 to close at 9,939 points. news.bbc.co.uk

To: IngotWeTrust who wrote (24418)	12/16/1998 6:23:00 PM
From: Broken_Clock	Read Replies (3) \| Respond to of 116790

49r...gold is in a dogfight on Access trading. Oil now appears to be moving up strong also. They were shorting both down for awhile even after the shooting started but it looks like the bulls might have their way tomorrow. What's your take? Do you think this might get us above 300 for awhile? It seems like a lot of pieces are coming together at the same time: 1.Uncertainty with Bill 2.Double top on the DOW and fading earnings 3.Euro looking stronger as January approaches 4.Latin America shaky(Brazil!) 5.PLO/Israel on one end and saddam on the other in the ME