Don't Panic! We've Seen This Market Tumult Before

Sell-offs happen. It is easy to be calm about that when they aren’t happening. When they actually occur, however, market players have a tendency to freak out. Occasionally, such panics are more than warranted by some shift in the fundamental landscape: an economic collapse, a major war, a natural disaster, a financial implosion. More often, they are triggered by the concern that there is about to be an economic collapse.