We study a scenario in which light bottom squarks and light gluinos with
masses in the range $2-5.5$ GeV and 12-16 GeV, respectively, can coexist in the
MSSM, without being in conflict with flavor-conserving low-energy observables.
We find that in such a scenario, the anomalous magnetic moment of a muon could
be as large as $10^{-9}$, if the theory conserves CP. However, if the theory
violates CP, we conclude that not both, the gluino and bottom squark, can be
light at the same time, after the neutron electric dipole moment constraint on
Weinberg's 3-gluon operator has been taken into account.Comment: 10 pages, 3 figures, Revtex4, to be published in Phys. Lett.