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.
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.