"If we'd caught Bin Laden rather than Saddam we might have had a genuine rally."
I doubt it. The result would have been the same in my opinion. Everyone expects a big rally to happen when Saddam and Bin Laden are (were) caught, so it's not going to happen.
If Saddam would have been caught during market hours, I think "Shorty" would have panicked and really drove up the indicies.
However, it happened on a Sunday and people had a whole day to analize the situation.
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