On Crisis and Panic There is a difference
A panic event is a sudden short-lived reaction triggered by intense fear - be it real or imagined. A panic event will rarely introduce a bear market but a panic event will sometimes mark the end of a bear market.
A crisis unlike a panic is of longer duration due to its complex and uncertain outcome. A crisis will usually introduce a bear market in the related market sector.
Monday’s collapse of Bear Stearns was a panic event effectively ending the crisis
Bill Carrigan
A panic event is a sudden short-lived reaction triggered by intense fear - be it real or imagined. A panic event will rarely introduce a bear market but a panic event will sometimes mark the end of a bear market.
A crisis unlike a panic is of longer duration due to its complex and uncertain outcome. A crisis will usually introduce a bear market in the related market sector.
Monday’s collapse of Bear Stearns was a panic event effectively ending the crisis
Bill Carrigan
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