How Will Wall Street Define Victory?

Capturing bin Laden might not be enough to buoy investors. It may well be that the return of optimism demands a prolonged peace

Like the rest of the country, ever since September 11, Wall Street has pined for a sense of safety and stability. True, the stock indexes have rebounded to around where they closed the day before the terrorist attacks, in part buoyed by Fed rate cuts and policymakers' assertive plans to stimulate the hard-hit economy. But many hoped the beginning of military action against the terrorists responsible for the mass murders would provide just the jolt of steely resolve necessary to pump up jittery consumers, the stock market, and the overall economy.

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