They caught Saddam.. nobody feared him and the market reflects that. The rise in the S&P's is merely because a pro-buiness republican president will probably now maintain power. This is an election move, not a saddam move. If you want a real gap, look for the capture of bin laden. While this gap is small this morning, I can't imagine shorting it. Have a republican president is a huge boost for equities over the long term.
Traditional Republican policies -- like free trade -- are good for the economy. On that issue, Clinton acted like a Republican and Bush acts like a Democrat. Go figure....
Pesident Bush reminds me of President Kennedy: foreign wars, huge spending on arms, huge deficits.. It all ended in tears in the 1970s...