• Neil Cavuto was joined by Gregg Hymowitz, founder of Entrust Capital; Jim Rogers, president of JimRogers.com; Ben Stein, economist; Michelle Girard, Treasury Market strategist at Prudential Financial; Jordan Kimmel, president and portfolio manager at Magnet Investment; Jake Zamansky, securities fraud attorney at Zamansky and Associates.

    Saddam or Usama?

    Neil Cavuto: Who's head on a platter does Wall Street want more, Saddam or Usama? Our military says the noose is tightening on Saddam. But when it comes to our safety and your stocks, would we be better off finding Usama first?

    Ben Stein: Usama is far more dangerous. It showed and demonstrated an ability to mount attacks on the U.S. I think we want Usama very quickly.

    Jim Rogers: I agree. Saddam Hussein can't do anything right now. He can't raise an army. He can't do anything.

    Michelle Girard: We've finally gotten to the point where terrorism has receded. If we were to have yet another attack, it would derail the economic recovery that finally seems to be taking hold.

    Gregg Hymowitz: I think the question is how do we get at the root causes of terrorism. I think you're going to start to see a lot more pressure put on the Saudis to stop funding terrorism. And in a way, we're funding it ourselves by funding Saudi oil.

    Neil Cavuto: I say it's a 500 point gain if we get Usama, nothing if we get Saddam.

    Jim Rogers: If it's a 500 point gain, it'll be there for two hours and you better sell everything you've got.

    Ben Stein: I agree. If we see that kind of point gain, I think everyone and their grandmother should sell short.

    Gregg Hymowitz: I think there are two different issues. By killing Usama, people will feel safer vis a vis the terrorism issue. If we kill Saddam Hussein, people will think we can get out of Iraq sooner. I think the market is concerned about the bill that is being run up in Iraq.

    Neil Cavuto: I think it was the same factor in the mid-term elections. It wasn't the, 'It's the economy stupid.' It was, 'I'm alive, stupid.' I think people are lot more concerned about being safe than having money in the bank.

    Gregg Hymowitz: But if you ask Americans what they're biggest issue is, it is still the economy.

    Michelle Girard: But Gregg, if you ask Americans what they care about more, terrorism or Iraq, they will say terrorism and feeling safe, not what's going on in Iraq.

    Ben Stein: The market has been rallying a whole lot, even with the cost of occupation.

    More for Your Money

    Neil Cavuto: The small cap Russell 2000 index is up more than twice as much as the Dow. But will small stocks keep giving you more for your money? Jordan you say investors are still better off with small caps?

    Jordan Kimmel: It's not because they've outperformed. The reason is because the earnings, the revenue and the margin increases all show up there. I think I'm very bullish on the market, but I can't find any big S&P stocks to buy right now.

    Ben Stein: Small cap stocks are more volatile but over long term, produces more of a result. I have no confidence that I can pick those small stocks, except for a few in the Los Angeles area that I've faired well with. But the S&P 600 small cap is not a bad buy right now.

    Jim Rogers: That's not how you invest. You invest by buying stocks that are cheap, that are sound, where fundamentals are changing.