Jubilee Celebration on the News of Bin Laden's Death; What This Means for Our Financial Future

It's all over the news about the death of Osama Bin Laden.  Many Americans will remember where they were the day that news broke about US Special Forces taking out Osama Bin Laden, the mastermind behind the 9/11 attack on the United States of America 10 years ago.  Crowds have gathered at many landmark locations such as Ground Zero, The White House and other public venues.  Many are jubilee about this news.  The War on Terrorism succeeded at a near impossible mission.

What does this mean from a financial perspective?

Our US dollar may see a quick uptick in today's markets; however, it is expected to be another day in the market.  See Stock Futures Gain article and Asian Stocks Rise as US Earnings Gain artcle.  US Corporations will continue to prevail amidst current economic, political and weather conditions.  Fundamentals are being tested, and what is interesting if you are a keen business follower is how certain businesses prevail under the various conditions that they must operate.  Today is no different from previous days as Americans go to work.

Concern is mounting about a retaliation from the jihad.  Talk is about suicide bombers and other.  If Osama Bin Laden has been made a martyr, then the craziness of murder will pick up for reasons that is detrimental to human life.  Hamas condemns killing article.  Question for many is when will this War on Terrorism end (especially on US taxpayer wallets not to mention those of us in the military who watch loved ones serve)?  For business travelers especially those Americans traveling internationally, it is imperative that you be careful and be safe for many Americans could be targets for future retaliation.  It is wise to research insurance and put a revised policy in place.  Also, if you can, it is important to meet with a financial planner to determine a good financial future for your family as well as an attorney to revisit legal documents.  Having peace of mind that this arduous task is done will bode well for future financial security.

Day of Financial Reckoning article comments about several points which I disagree.  The US military should not be scaled back especially in Afghanistan just to cutback on expenses pertaining to the budget.  Military operations are carefully scrutinized by the higher ups, and I think that we all pray in America that the elected politicians will do what is right (not what is politically deemed a right or left direction).  Cheers to our US Military and Special Forces on a mission well-done!

In the wake of this celebration, it is important to keep financial perspective as we embark on a new chapter in the War on Terrorism.