Plame charges could roil markets - Plame charges could sink dollar, bonds,

[Jon8503]

Dollar sentiment at risk if White House aides indicted
By Rachel Koning, MarketWatch
Last Update: 3:39 PM ET Oct. 27, 2005

CHICAGO (MarketWatch) - The U.S. dollar, Treasurys and American stocks could sell off if top White House aides are indicted on charges they leaked the identity of a CIA employee, analysts said Thursday.

Speculation has mounted that formal charges could be announced Friday by special counsel Patrick Fitzgerald, the final day of a grand jury session.

Karl Rove and I. Lewis "Scooter" Libby are the prime targets of Fitzgerald's investigation, press reports have said. Rove, a long-time political adviser to Bush, is deputy White House chief of staff. Libby is chief of staff for Vice President Dick Cheney.

Any charges could create "political paralysis" at the White House, said Brian Dolan, head of currency research at New Jersey-based trading firm Gain Capital.

Charges would be "detrimental to the dollar, a psychological blow," said Alex Beuzelin, senior market analyst with Ruesch International in Washington. They would distract Bush from important economic issues like high energy prices, patches of slower growth and deficit reduction, he said.

http://www.marketwatch.com/news/story.asp?guid=%7B21FC6170%2D1063%2D43B1%2DAE76%2D698026A1AF0E%7D&siteid=mktw&dist=

[LSparkle]

1. So the dollar's strength is based on ... perpetuating LIES?

As J. Lennon said, "JUST GIMME SOME TRUTH!" We must not jettison TRUTH in favor of PROFIT.

[porphyrian]

2. 4 out of 5 doctors say it's too late for that.

...not that we shouldn't fix it now.

[LSparkle]

6. Agreed about the docs ... but ignorance isn't REALLY bliss

It's just an illusion, and sooner or later we're all going to have to wake up. We're already slaves to the Chinese (they OWN us, whether we choose to recognize it or not); better for us to know exactly how we got to this point ... so hopefully we won't do it again.

[acmavm]

3. Oh bullshit. This country will not come to an end if the crooks in the

bush** administration are indicted.

This is just a bunch of wild ass scare tactics.

[Turbineguy]

4. More fear mongering

sow the seeds of fear.

If tomorrow turns into Black Friday, blame Fitzpatrick not the crooks.

[Justice]

5. Maybe Cheney et al should have considered that before they

cooked all this up.

We will all pay a heavy price for their actions.

[displacedtexan]

7. Well, then. Let's just let the CIA get over itself.

</sarcasm>

What a crock! As if BushCo didn't drive the markets and the dollar to the edge of the cliff in the first place.

[MadHound]

8. This isn't suprising at all.

During the Nixon days, when indicments were filed, and charges brought on various and sundry, the markets would fall a ways, raise a little, fall some more, etc. etc. It did do a number on the markets until Nixon resigned. They shot right back up almost immediately then.

This is due more to overseas investments rather than domestic ones. Overseas investors look for stability in the governments in which they're investing, and legal probes, indictments and criminal scandals make them very nervous. Thus the foreign money flees the shores until the storm blows over, and then it comes right back in.

[HereSince1628]

9. Hahahaha, you know market reporters just live to make this shit up

They report spurious correlations as an SOP. And now they are trying to create one.

No one who deals with the Fed or the Treasury is going to be touched by this.

Hellofaburden (a.k.a. Halliburton)is the only stock that might seriously lose a prop in all this.

[MidwestTransplant]

10. It's in the market already. May sell off first thing but I bet it

rebounds same day.

[enid602]

11. IRA

Yesterday I switched another 10% of my IRA over to non-dollar assets. I had already switched 35% over in 12/04, when I 'Bush-proofed' my portfolio.

[Rosco T.]

12. It might actually PROP UP THE DOLLAR...

.. if other countries see we're starting to take the thugs on..

[ClintonTyree]

13. It sounds like somebody sold a bunch of stock today.....

a little "insider" announcement to get the sheep in a panic tomorrow? I'm betting a whole lot of big investors sold tons of stocks today, the sheep will panic in the morning and those same investors will be buying that stock back by the end of the day.
It's tough making a buck in the bush economy. The Dow has been pretty much stagnant since dumbya took office, so they have to "create" these panic buying and selling opportunities. Look how well the "terra" alerts worked....for a while.

[loudsue]

14. The DOW has lost almost 300 points since bush took office in 2000.

Anybody that reads the Stock Market Watch threads every day has seen what a MESS the U.S. economy is in. It gets worse all the time, as a result of the Fed maneuvers and the neocon policies.

Even yesterday, the WalMart executive came out and said that congress needed to increase the minimum wage, because "people's pay checks aren't stretching far enough to buy the necessities", like FOOD! Liberals have been telling these STUPID supply-siders that from the very first: if the money is not kept in the hands of the masses, the economy will TANK. That is what makes 3rd world countries poor... all the concentration of wealth at the top, and nobody else has anything to spend! Which ALSO means the government doesn't get as much in tax revenues!

DUH!!!!!

The economy of the U.S. is in HORRIBLE shape, and republicans are making it worse by the minute.

:kick::kick::kick:

[mmonk]

15. I would think the opposite.