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Strategies & Market Trends : Zeev's Turnips -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (31)	11/10/2000 9:58:35 PM
From: Mark Ivan	Read Replies (1) \| Respond to of 644

Carl, Are you sure you're not over-reacting? Step back from it a while. We can only have one president and someone will get chosen. Sure there may be some squabbling at first, but it will pass and then business as usual. Fla will count the votes, the Sec of State will certify the count, and a president will be elected. We may have some other state recounts, but in the end, the process should work. Sure the markets and the nation will suffer temporarily, but I don't see any anarchy in our future. Mark

To: Carl R. who wrote (31)	11/11/2000 1:03:51 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 644

Carl, I have no expertise in constitutional law, any law or even Florida voting law. I have just finished watching Ted Kopel's Town meeting at Georgetown University. The panel included a Florida former supreme court judge, some Federal constitutional lawyers and few other professors of law. The interesting snippets was that Bush campaign claim that Cook County uses a "butterfly ballot" was admitted by them as "bad information" (I have not heard that anywhere else. More important than snippets, I think that the incident in palm beach will make future elections much better. If to get there, the process require litigation to protect the right of the few (some 20,000 voters that claim they have been disenfranchised by the process), we as country of law and with a constitution will be better for it. The court may very well decide that "tough luck", those making mistakes had a duty to be better prepared. It will be wrong to come to any decision until Friday the 17th when Florida finishes its count of the absentee ballots from overseas (we surely do not want to "disenfranchise our servicemen overseas). According to our current law, as far as I understood, it is up to Florida, not the feds to certify the election and the electoral delegation to the electoral college. Why don't we let them get their due process finished. The worse thing would be to have a President (Bush or Gore) exposed to future accusations of stealing an election. Gee, before he even starts in office, we will have another impeachment proceeding. Since we have lowered the bar for impeachment so far, why not a little more? As for the markets, well, if the markets were not already technically weakened by a number of additional exogenous elements, it would not have (and will not next week) decline so much. Since the market are already reacting to such exogenous elements, I am not ruling out a mini crash, which actually could set the stage for an early termination of the bear market. Personally, I think that we will not see the real ugly bear until next year, but it is quite possible that the current uncertainty will precipitate it here. I really do not know, not having historical precedents to judge this situation by. Zeev