And even though there still was an air of nervousness, the market appeared to be stable. It was on September 3, right after the holiday, that a bear market became firmly established. The roller coaster was on its final descent. It is a word that describes a highly intense, contagious fear amongst a large number of people. It is a phenomenon which social psychologists are fond of studying, yet at the same time they themselves are just as prone to it as the rest of us are.
Panic is far more serious than a frenzy, and it is hard to describe without reference.
In the crash of 1987, it may be safe to say it was a day of frenzied selling, and arguably far short of true panic. One week in October 1929, there was a true panic, and many rich people became poor people in one single day. I'll have to see my broker Find out what he can do. I'm in the market for you. There won't be any joker, With margin I'm all through.