Now, in the "no war but the class war" department

Quicken.com - News Center: Hussein's Capture Seen Boosting U.S. Stock Market


Dow Jones Newswires
NEW YORK -- The long-awaited capture of fallen Iraqi leader Saddam Hussein is expected to fuel a rise in U.S. stock prices early Monday, market experts said Sunday.

"As the war goes on, obviously there's going to be good news and bad news. In this case it's good news. And the response will be, in my judgment, up," said Hugh Johnson, chief investment officer at First Albany in Albany, N.Y. "You should have a fairly strong opening tomorrow."

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How naïve are these people? When news is good, they buy more stock? Good news makes them spend more time at the feeding trough? How does the capture of one man suddenly make stocks more valuable than they were twelve hours earlier?