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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: J.B.C. who wrote (22447)2/11/1999 5:38:00 PM
From: Zoltan!  Read Replies (2) | Respond to of 77397
 
>> Can someone please tell me what changed so much today vs earlier in the week ?? <<
The Probability of Clinton being removed from office approaches zero. I believe a nice little Bull run will occur after this weeks vote, IMO.


The probability has not changed. If experience should have taught you anything, it's that Clinton is largely irrelevant to the market, at least so long as he is restrained by the opposition*. Greenspan pounded Clinton today and endorsed the Republicans' plan to make financial services more efficient.

The market has soared ever since Cinton and his party lost control of Congress in 1994 and later in response to his impeachment and will continue to rise even if he serves out his minority residency.

So just why do you think the market fears a Gore presidency so much?

* I did notice that the market gave a giant "Bronx cheer" to Clinton's "big gov is back" budget.



To: J.B.C. who wrote (22447)2/11/1999 8:30:00 PM
From: JGoren  Read Replies (2) | Respond to of 77397
 
One could be really cynical and say that a big market correction will take place after the vote on the Articles of Impeachment, since Clinton supporters will no longer feel the need to support the market to keep his poll ratings high.