Posted by 8 July 2005

New York Times: Initial Panic Selling Followed by a Numbing Business as Usual

Very interesting article in the New York Times about how markets react to events like yesterday’s bombing — Initial Panic Selling Followed by a Numbing Business as Usual. Be sure to check out the multimedia features too. (via Big Picture)

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Comments

  1. Posted by Duru on July 8, 2005 at 11:03 pm

    Interesting analysis combining reassurance, complacency, and hubris. I particularly liked the patched together images of the three head bankers (EU, Britain, and the U.S.) with hands clasped together in praying position…

  2. Posted by Duru on July 9, 2005 at 2:23 pm

    A related editorial from the New York Times: “When Fear Stalks, Tune Out.” –> http://www.nytimes.com/2005/07/09/opinion/09tierney.html?

  3. Posted by Michael on July 11, 2005 at 8:38 am

    yeah man, that picture of the bankers was hilarious!