WealthManagement Magazine

A Sad Reality

Although the tragic loss of life in London is distressing, one lesson is that the financial markets can withstand such a shock. European stock markets all closed with losses of less than 2 percent on July 7, and U.S. stocks rose. It may be that the world has now become so accustomed to random violence on a mass scale that, after an initial knee-jerk reaction, markets go back to what passes for normal.

“Although the tragic loss of life in London is distressing, one lesson is that the financial markets can withstand such a shock. European stock markets all closed with losses of less than 2 percent on July 7, and U.S. stocks rose. It may be that the world has now become so accustomed to random violence on a mass scale that, after an initial knee-jerk reaction, markets go back to what passes for normal.”
A market insight from Standard & Poor's e-mail newsletter The Outlook.

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