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Berkshire Hathaway Inc. Message Board

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  • Keith_Weiner Keith_Weiner Jul 29, 1998 7:39 PM Flag

    AXP reversal !

    Mr. Bobo:

    > Mr. Kieth....Thank
    you......

    That's "Mr. Keith" to you! :P

    > Why does the
    Dow react today to Clinton's Lewinsky
    scandal?

    If Miss Monica is the real reason for the Dow's
    decline, then I have no answers for you... *I* didn't
    panic and sell just because one of Clinton's "bimbos"
    "erupted".

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • If Miss Monica is the real reason for the Dow's
      decline, then I have no answers for you... *I* didn't
      panic and sell just because one of Clinton's "bimbos"
      "erupted".

      I always thought it was the other way
      around, wasn't Bill supposed to ERUPT? She must not be as
      good as we thought.

      Greg

      • 1 Reply to miska598
      • ken fisher, a forbes columnist and author of
        several books, wrote "The Wall Street Waltz" in 1987 (i
        believe). it it my favorite market book and is a series of
        100 chart such as the dow relative to interest rates,
        relative to capital spending, relative to gold, oil,
        employment, pe, sunspots, skirtlength, etc. you get the idea.
        the book goes back many years, covering times when
        the railroads where similar to the internet stocks of
        today or the situations when market panics occurred
        during the past 300 years. one chart is the dow relative
        to unexpected historical events like jfk
        assaination, nixon impeachment, declaration of war,
        clinton/lewinsky, etc. the finding is that any effect on the market
        is very short-lived if it exists at all.
        that's
        the beauty of this book, it's all graphs and dispels
        many popular misconceptions. unfortunately, it only
        covers up to 1985 or so but is still fascinating.

 
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