May

8

Severe traumatic events seem to have durable physical effects on brain, according to a recent imaging study.

In no way is the trauma from 9/11 studied in this paper comparable to market mishaps. But it is tempting to speculate about similar mechanisms following events (such as 10/87, 2000-2002, and 2/27/2007), and possible durable effects on investor psyche that play out subsequently. 

From Vincent Andres:

This reminds me about somebody speaking from the market before and after the last traders active in 1929 (ie traumatised in 1929) had disappeared, and positing that the market was not the same. (Of course there could be many other reasons.) The sum of all coincident individual trauma/psyche is certainly a big part of markets mistress's own trauma/psyche. 


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