We've has a theory as to why the stock market has been in decline since the killing of Osama Bin Laden. However, because we're sensitive, politically correct types here at South of 5 and 20, we've kept quiet on the issue. The hardened Wall Street observers at Investor's Business Daily agree with our analysis, and don't hesitate to tell it like it is. After carefully ruling out any other explanation, IBD cuts to the chase.
It's worth noting, therefore, that many believe the successful bin Laden mission improved President Obama's chances for re-election immeasurably. Maybe it's that prospect that the market is coming to grips with.