Will Europe Create A Panic Situation?

It’s always been amusing to see the financial media’s compulsion to produce a reason—often an imported one—for each day’s movements on the stock markets. ‘Asia weak on US jobs data’; ‘Nifty down on Europe debt worries’; ‘Stocks up on Greece deal’; and so on and so forth, day after day. I’m told that these foreign ‘cues’, as they are called, are of little use to actua

This article was originally published on November 30, 2011.