Die Wörter Ansteckung, Panik und Crash werden seit Tagen inflationär verwendet, besonders in reisserischen Börsenkommentaren. Was bedeuten diese Begriffe? Eine teuflische Erklärung.
The Devil’s Financial Dictionary definiert die Bedeutung wie folgt (zitiert mit der freundlichen Erlaubnis des Autors):
„Contagion, n. A condition in which raw emotions, particularly fear, spread epidemically from one investor to another, from one market to another, and even around the world. There are only three known cures: time, quarantine, or ear plugs.“
„Panic, n. and v. Contagious fear that sweeps across a crowd, a market, or a planet, frightening multitudes of people into selling and leaving the rest wondering whether they should. (…)
The word derives from the god Pan, who haunted the pastures and wild places of ancient Greece. In the form of a grinning but ugly man with horns, ears, and hairy legs of a goat, Pan was the god of herds and flocks, serenading them with his pipes.
Fittingly, Pan was the son of Hermes, the god of shepherds, messengers, trade, and thievery, suggesting that the relationship between panic and trade is as old as commerce itself. (…)
Among Pan’s pastimes was terrifying nymphs by chasing them through the woods. In ancient Greek art, he is often shown accompanying Dionysus, the god of wine, in a drunken Bacchanalia. Vases and sculptures sometimes depict Pan lugging a wineskin, or bursa, from which the modern word BOURSE is derived – another reminder of the eternal connection between panic and trade.
Pan’s sweet music made him the favorite god of the gold-obsessed King Midas. Restless and untameable, Pan lurked in mountain caves and often slept at midday, arising at odd hours to race through the pastures and forests, much the way modern panics lie in wait and then burst out when markets are at their sunniest heights. (…)
To the Greeks, a sudden fright was called panikos, „of Pan.“ Todays herd of panicking investors, scattering in a selling frenzy set off by the unexpected, would be all too familiar to the ancient god.
Pan was also the god of fertility – and market panic, by sweeping away the the weak until bargains emerge, sets the stage for future growth. As the shrill notes of panic fade away, a calmer and quieter market tends to emerge.
Of course, once prices have risen for so long that a decline has come to seem impossible, Pan rubs the sleep from his eyes again and bursts out from his cave, his pipes blaring a tune of terror. It was ever thus, and thus it ever shall be.“
„Crash, n. and v. To collapse or drop in price by a frightening amount; a broad and sudden decline that sweeps through a financial market. (…)
Until recent decades, „crash“ was applied to describe catastrophic declines like that of the Great Depression, when the US stock market lost 84 percent between September 1929 and July 1932. More recently, it has been used by the media to describe such events as the Dow Jones Industrial Average declining from, say, 17’246 to 16’933 in a single day – the equivalent, in percentage terms, of a drop in temperature on a single day all the way from a balmy 20° C to a frigid 19.6° C. Brrrrrrr!!!“
Ganz im Sinn des Teufels und seiner sehr treffenden Ausführungen beharren wir auch unter dem Eindruck der Corona-Viren stur auf unserer immer gleichen Empfehlung: Kaufen Sie Ohrstöpsel und lesen Sie keine aktuellen Finanzmarktkommentare. Bleiben Sie bei Ihrer durchdachten, langfristigen Strategie. Damit sind Anleger noch immer am besten gefahren.