Helpful news from the Department of Homeland Security today of a non-specific threat to the US mainland this summer. John Ashcroft has also chimed in with the news that the face of Al-Qaeda is changing; terrorists now move around with their families to avoid detection, and try to pass themselves off as European-looking.

While the US media follows the script and panics, Wall Street has been a bit more sanguine. The market’s response to the threat of imminent doom has been:

1. a rally in companies providing security services and

2. slight peaks in companies providing surveillance cameras.

3. that’s it.

The consumer policing business has never had it so good.