, Columnist
Three Levels of Fear Are Stalking the Stock Market
They start with the coronavirus and end with a long-term global recession.
You won’t need a psychoanalyst for this.
Photographer: David Dee Delgado/Getty Images
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What are you afraid of? It is a vital question that often helps with introspection and self-confidence. When it comes to markets, we can work out what is so frightening with hard quantitative evidence, and without having to delve into the subconscious. And the outcome is, I’m afraid, frightening.