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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (3963)	12/12/2000 1:24:09 PM
From: Si_Detective	Respond to of 57684

Yeah, GST. I've been taking profits in short term trades too. I think the uncertainty will continue. Longer term is okay as I think the worst is over. This is what I thought as well, "My working theory at the moment is that the Court constructs a remedy that directs the Florida Sec of State to develop a standard for manual counts. That would both achieve the Court's political goal (giving Bush the presidency) and allow the Court to avoid making bad law (usurping the role as final arbiter of Fla law, abusing the Equal Protection clause). I find it hard to imagine that the Court would simply shut down the process entirely -- both because that level of political intervention would be highly unusual and disconcerting, and also because the Court could only give Bush an outright win on legal foundations that the Court should find highly undesirable. It would trample the principle of states' rights if it overruled the Fla Supreme Court on matters of Fla law. It would risk making the entire Fla election unconstitutional if it ruled that the manual recounts were unconstitutional because they violate the Equal Protection clause of the 14th Amendment. All of this is to say -- as the market yet again prices in a clean Bush win, be cautious, because it seems unlikely to me that the decision will impose finality on the process."