So much for the smart money

As if we needed more proof that Washington, D.C., and investments shouldn't mix.

Since Monday, the capital's conventional wisdom has executed a perfect 180, and the smart money now says Rehnquist (and Sandra Day O'Connor and the others) won't resign.

Today:

Sandra Day O'Connor, the first woman Supreme Court justice and a decisive swing vote for a quarter-century on virtually all the major legal issues of our time, announced her resignation today.