Intriguing chart in the  WSJ  (we’ve discussed this several times previously). 

The Journal quotes Hugh Johnson (A terrific old old pro and chief investment officer at Johnson Illington Advisors). Hugh noted "We’re learning to live with terrorism."

It may be even more basic than that:  Terrorism is a relative gnat to the Brontosaurus that is the global economy and capital markets.

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Post-Terror Market Responses
click for larger graph

Terror_mkts07072005151435_1

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Source:
U.S. Stocks Stage Comeback
By SCOTT PATTERSON   
Wall Street Resilient After Attacks; ‘Learning to Live With Terrorism’
WSJ, July 7, 2005 5:43 p.m.
http://online.wsj.com/article/0,,SB112073445420279386,00.html

Category: Investing, Markets, Psychology, War/Defense

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