The release of the uncertainty one way or another should have positive implications for the equity risk premium which has risen sharply in 2002 and 2003.

I'm still relatively bullish on a short-term basis due to the faster-than-expected U.S. advances in Iraq, but I'll be changing my position pretty soon because there's no catalyst out there to sustain gains.

The market is building in a risk premium because of the uncertainty surrounding the election -- once we get that out of the way, all other things being equal, the euro will probably bounce.

There's uncertainty within the insurance industry, as companies are currently unwilling to take the risk of another company's business and infrastructure. There also have been plenty of rate increases, so there is not as much pressure to grow through acquisition.

Il n'est pas certain que tout soit incertain.
(Translation: It is not certain that everything is uncertain.)

The risk of anyone else being positive for it is very low.