Bin Laden Death Adds to Bulls’ Clout After Europe, Quake

Yesterday’s market reaction was “basically noise,” Lee said in an interview on Bloomberg Television’s “In the Loop” with Betty Liu. “It’s positive because people have been avoiding stocks because they think they’ve been risky, and part of it is global security. This is going to basically really boost inflows into stocks.”

Shares Decline

U.S. stocks retreated yesterday, pulling the Standard & Poor’s 500 Index down 0.2 percent to 1,361.22 after it reached the highest level since June 2008. Yields on 10-year notes fell one basis point, or 0.01 percentage point, to 3.28 percent at 5:11 p.m. in New York, according to Bloomberg Bond Trader prices, after rising as much as three basis points.



Bin Laden's Death Will Boost Stock Profits