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Brent --
I agree -- whether the president will honestly be threatened with
impeachment in the next two years (irrespective of whether he should be
or not) has a HUGE impact on the market -- the fact is, whether EVERYONE
knows he fooled around with Lewinsky means nothing if HE DOESN'T ADMIT
IT -- if he didn't admit it, then he would face further depositions,
trials, etc. and the business of running the country goes to the toilet.
Now that he has come out, Starr will have to make a much harder case for
bringing it to trial in the eyes of the public (again, irrespective of
what he did or did not do). Which is why I said earlier that he will
not be impeached -- the uncertainty has been removed from the market,
and investors breathe easier.
Remember, it's not what happens, it is how people interpret it that
matters in the markets!
Sincerely,
Michael Strupp
Candidate, M.S. Financial Markets & Trading
Illinois Institute of Technology
Chicago
http://www.stuart.iit.edu/fmt
BrentinUtahsDixie wrote:
>
> Whether you like the President or not is not the issue. There is a high
> probability that he broke the law. If it is determined that he broke the
> law he should resign or be impeached just like when Nixon was President.
> The process of removing Nixon from office was not too good for the market
> if my charts are accurate. So you can't say it is irrelevant to trading.
> Bullish euphoria has thus far over shadowed all else it seems.
>
> Brent
>
> ----------
> > From: Arnold Thompaon <arnoldt@xxxxxxxxxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Subject: Re: HE LIED--------WHAT HAPPENS TO THE MARKET TOMORROW
> > Date: Tuesday, August 18, 1998 5:27 PM
> >
> > Please, if you don't like the President, then just simply cast your vote
> > elsewhere next election. Otherwise, respect the Electorial process,
> > Democracy, your fellow citizens and hope there is a functioning
> > government when this Bull market ends.
> >
> > Peter2150@xxxxxxx wrote:
> >
> > > Your kidding. Like this was a surprise??? Everyone who thinks
> Hillary
> > > didn't know raise your hand. I'd like to sell you the New York Stock
> > > Exchange. Did everyone rush out and buy stocks today, because Bill
> told the
> > > truth. Egads I hope not. Can someone postulate a thesis, as to why
> this
> > > good for the soul confession might be good for the economy?? That
> would be
> > > interesting. Oh Well enough.
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