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)
New York Times: Initial Panic Selling Followed by a Numbing Business as Usual
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Essential Reading
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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...
A related editorial from the New York Times: "When Fear Stalks, Tune Out." --> http://www.nytimes.com/2005/07/09/opinion/09tierney.html?
yeah man, that picture of the bankers was hilarious!