Today's news that Pakistani opposition leader Benazir Bhutto was killed in a terrorist attack has reminded everybody, including the Democratic Party, just how dangerous a world we live in. We are once again reminded that there is a very large movement of individuals bent on the destruction of the West, along with the democratic ideals that the West represents. For those who feel that it's President Bush's fault we are not well-liked, today's incident shows that the deep-rooted hatred has nothing to do with the current U.S. president, but everything to do with the ideals on which the U.S. was founded. It is these ideals that are not well-liked by these extremist elements.

With this grim reminder of the dangers still common in the world, I think this means a renewed focus on security stocks. When speaking about security, no conversation is complete without looking at the Israeli market. The undisputed leader in security technology, Israel's security establishment gained fame because of the reign of terror that the country has faced for decades. Nice Systems (NASDAQ: NICE) is one such company. The stock is bucking today's downward market pressure and is gaining more than 1.5%.

Nice is a security company specializing in two markets: Security and Call Centers. Its security solution empowers security personnel to detect, prevent and respond to threats in real-time. The system also helps in investigating and reconstructing criminal and security cases using video surveillance and control services, incident monitoring and reconstruction solutions. NICE is the market leader in providing fast and efficient solutions for the capture, storage, retrieval and analysis of customer interactions for contact centers and the enterprise. Nice will be playing an active role in the upcoming summer Olympics in Beijing.

As long as there are bad guys out there, there will be a need for a company like Nice.

Aaron Katsman is the lead Portfolio Manager and Managing Director of America Israel Investment Associates, LLC. and Senior Editor of IsraelNewsletter.com. DISCLOSURE: Writer has a position in NICE and is long the stock. Writer has no position in any other stock mentioned as of 12/27/07.