Dr John Feisal another guru I look at has this to say today in Jag <<Legendary Market pundit Kennedy Gammage, editor and publisher of the Richland Report, 858-459-2611, has a blurb scratched on the face of his monitor that say?s: it aint going to work out that way_. So it?s a photo for the President, yet we hear a heavy military overseas absentee ballot is due to hit soon that will likely tilt Florida in the official column for Bush. Very interesting watching those S&P futures flip after the Florida was pulled from Gore after a computer foobar. The range went from 1431(Gore) to 1454 (23 pts.)(Bush), currently at 1444, a 10 pt swing reversal, suggesting Gore relief. Likewise the EURO reversal posts a Bush win up as far as a read off the international currency markets. Recent flurries of the Dow and S&P whipping back and forth around the unchanged level suggest resistance and a toppy feel but with an unofficial election that could go out in time with recounts, uncertainty will keep the pedal off the metal. Below 1430 in the S&P futures has a solid reversal look. Above 1450 it flies.>>
Whatever the outcome Chris this is the natural outcome from an election where two candidates with the same background and policy lines criss crossing each other are fighting for the control of American spirit in hte name of a new revolution, very little set them apart they are both centrist, of course the art of projecting results is seeing a new height. In my opinion in culture of instant gratification where we want all information in seconds, the media projections of a close run could not have better been predicted. However, the question left unanswered in my mind is that if 'exit polls' and ''opinion polls pre-selection can be so accurate why to undergo this huge exercise of 4 billion $ of long election campaign?
The mode of the nation reigns supreme, on every issue any democratically elected President would be harnessed by popular choice, the opinion polls will undermine democracy as popular choices more often than not are not the right choices, the pain factor that brings long term gains is always missed in popular choices.
This whole game of 'instant gratification' ultimately would lead to government by 'opinion polls' and not by 'saner heads'. The founding fathers wanted 4 years gap between each democratic choice to give the leadership a chance to make their policies and implement them, however with 'poll' based democracy where every day choices and opinion poll become a norm, no effective policies can be conducted.. just a thought on vain nature of opinion and exit polls that give Fl to Gore once and to Bush the other time.
But on flip side nations that carry themselves with deceny in these trying time like right now absolutely strengthen their sytems, this is also the ultimate success of democracy in the largest democracy that in 90 m votes peaceful transition will take place on basis of few votes in Florida. Hats off to US.. |
