Initial reaction will always be knee-jerk and euphoric/despondency. But the moot question is how the incident plays out in the short to medium term. See the reaction of Lehman crisis. All the global markets crashed by roughly 40 to 50% in the next 6 to 9 months. See Indian markets also. Because the domino effect of a big crisis unfolds over a period of time and people take time to respond to all these situations.
One reply on “Lesson from the “Lehman Moment””
Initial reaction will always be knee-jerk and euphoric/despondency. But the moot question is how the incident plays out in the short to medium term. See the reaction of Lehman crisis. All the global markets crashed by roughly 40 to 50% in the next 6 to 9 months. See Indian markets also. Because the domino effect of a big crisis unfolds over a period of time and people take time to respond to all these situations.