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Non-Tech : Sotheby's (BID) Auction House -- Ignore unavailable to you. Want to Upgrade?


To: ct who wrote (150)1/24/1999 9:17:00 PM
From: Iceberg  Read Replies (1) | Respond to of 236
 
>One up thing may be that the Clinton mess may end this week.

ct,

Right. But my fear is [and has been for quite some time] - what if it doesn't end early? What if the trial turns really nasty and is dragged out, as I think actually could happen? Then what? My opinion is that the market has assumed Clinton won't be removed from office. I'm not so sure that's an entirely safe assumption.

>I feel that the gains in BID recently have been based on the internet so if they go, it may go too.

Maybe so. But as I understand it, EBAY is making money entirely from the Internet, which is an environment not presently known to generally be a profitable vehicle. And EBAY is doing it in an arena arguably very similar to that proposed by Sotheby's and [presumably] Christies. So, IMO, that makes EBAY quite different from the other companies you mentioned. And it makes EBAY more of an important company to watch than, say AMZN.

Personally, I'm keeping a very close watch on this Senate trial. For months now I've been of the opinion that it's a ticking time bomb relative to the market. If they blow Clinton out of the water against the will of the people [and it wouldn't surprise me at all], then watch what happens to the general market.

Ice