John Authers, Columnist

Markets Have No Use for Your World War III Memes

Traders are exhibiting either cool judgment or dangerous complacency. Plus, the misery continues for active managers.

January 9, 2020 at 5:01 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

Don’t worry, “All is well!” — Don’t worry, “All is well!”
Photographer: Shaigen/AFP/Getty Images

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“If you can keep your head while all about you are losing theirs — it’s just possible you haven’t grasped the situation.” Many of us might agree with Jean Kerr’s revision of Rudyard Kipling’s poem. Keeping your head while others lose theirs might be laudable, but it is often the wrong thing to do.