Don’t panic: There are still a few turbulent days ahead on the stock markets. But then long-term investors will have opportunities to enter a more fairly valued market.
Imagine a relaxed gathering, with a coffee or a glass of wine, depending on the time of day. Everyone is chatting quietly with one another until someone suddenly shouts “Fire!” The message gets across that there is danger. It is a different story if the group is talking wildly, for example about a possible fire. The cry of “Fire!” will then hardly trigger an alarm; on the contrary: it could be drowned out. Anyone who wants to attract attention here needs a certain level of hysteria.
Source: Stern
