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Pastimes : Impeachment=" Insult to all Voters" -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (451)	12/21/1998 5:58:00 PM
From: R. Martenson	Read Replies (1) \| Respond to of 2390

Hit me with a rock! Man, did I show my age on that one. Ain't the English language like a buck of spit on a cold day.

To: Augustus Gloop who wrote (451)	12/21/1998 6:11:00 PM
From: Zoltan!	Read Replies (1) \| Respond to of 2390

Moore said another primary catalyst for Monday's market strength was the U.S. House of Representative's vote to impeach President Clinton. With that move, he said, Wall Street was no longer burdened by uncertainty - at least for now. Tech Stocks Continue Surge, Sending Nasdaq To New Record By Christopher Grimes NEW YORK (Dow Jones)--Technology stocks continued to surge Monday as investors appeared determined in their belief that the sector's traditional Christmas time strength will drive sales and earnings higher. Yet even as the technology-heavy Nasdaq Composite surged to all-time record territory for the second straight trading day, analysts and portfolio managers said investor enthusiasm for tech stocks was overdone. "People are overplaying the seasonality of the sector," said Nick Moore, a technology analyst for money managers Jurika & Voyles in Oakland, Calif. Moore said it's "exceedingly rare for tech stocks to underperform (the rest of the market) this time of the year." But he thinks many stocks are overbought, particularly the soaring Internet stocks and semiconductor capital equipment shares. The Nasdaq was recently up 45.75, or 2.2%, to 2131.89 -- up 50% from its low of 1419.12, set on Oct. 8. Moore said another primary catalyst for Monday's market strength was the U.S. House of Representative's vote to impeach President Clinton. With that move, he said, Wall Street was no longer burdened by uncertainty - at least for now. Big gainers included hardware companies like International Business Machines Corp. (IBM) and Compaq Computer Corp. (CPQ), both of which beat the 52-week highs they set Friday. IBM gained 4 7/8, or 3%, to 176 7/16, while Compaq was up 1 5/8, or 4%, to 44 1/4. Paul Wick, manager of Seligman Communications & Information Fund, said the rise in such household-name tech stocks is fueled by investors fleeing other sectors that aren't performing well right now. He pointed to disappointing news from The Boeing Co. (BA) and Coca Cola Co. (KO), citing their stocks as examples of sectors investors are abandoning in favor of tech stocks. He said: "fundamentals are reasonably healthy in the tech sector' right now, leading investors to move alot of money that had been chasing some other (sectors) into tech as a safe haven." But Wick said he was disturbed by the recent moves by many technology analysts who, when stocks blew through their price targets, simply increased targets rather than lowering their investment opinions. He pointed to recent moves by analysts who cover IBM, chipmaker Micron Technology Inc. (MU) and many Internet stocks. Internet stocks shot up again Monday. Amazon.Com Inc. (AMZN) rise 31 9/16, or 11%, to 318, while America Online Inc. (AOL) rose 11, or 10.6%, to 115 1/4. AOL announced a broad alliance with Dell Computer Corp. (DELL), which itself gained 3, or 4.4%, to 70 7/8. interactive.wsj.com