"Markets rebounded quickly from morning jitters after the London Thursday terrorist bombing"
About this Quote
“Markets rebounded quickly” is doing a lot of moral work in very few words. Stearns is responding to a terrorist bombing, but he chooses the language of resilience through the most establishment-friendly proxy imaginable: the market. The intent isn’t primarily to mourn or even to explain; it’s to reassure. Investors were “jittery,” then calm, and that arc becomes the story. Terror becomes a temporary volatility event.
The subtext is a familiar post-9/11 political reflex: treat financial stability as a stand-in for national (or civilizational) strength. If capital keeps moving, the terrorists “failed.” It’s a tidy narrative that converts human trauma into a test of confidence, then declares victory when the numbers bounce back. That framing flatters a certain audience - policymakers, business leaders, voters who want proof that modern life can absorb shock without changing course. It’s also a subtle defense of the status quo: don’t overreact, don’t rethink, don’t let fear rewrite policy or markets.
Context matters. A Thursday bombing in London evokes the mid-2000s era when “terrorism” was a daily political keyword, and leaders were under pressure to project steadiness. The quote fits a communications script in which public emotion is managed by pointing to institutions that appear objective. Still, the line exposes a blunt hierarchy: the rapid recovery of prices gets top billing, while the slower work of grief, security, and accountability is pushed offstage. In that way, it’s less about London than about what American political rhetoric often treats as the real homeland: investor confidence.
The subtext is a familiar post-9/11 political reflex: treat financial stability as a stand-in for national (or civilizational) strength. If capital keeps moving, the terrorists “failed.” It’s a tidy narrative that converts human trauma into a test of confidence, then declares victory when the numbers bounce back. That framing flatters a certain audience - policymakers, business leaders, voters who want proof that modern life can absorb shock without changing course. It’s also a subtle defense of the status quo: don’t overreact, don’t rethink, don’t let fear rewrite policy or markets.
Context matters. A Thursday bombing in London evokes the mid-2000s era when “terrorism” was a daily political keyword, and leaders were under pressure to project steadiness. The quote fits a communications script in which public emotion is managed by pointing to institutions that appear objective. Still, the line exposes a blunt hierarchy: the rapid recovery of prices gets top billing, while the slower work of grief, security, and accountability is pushed offstage. In that way, it’s less about London than about what American political rhetoric often treats as the real homeland: investor confidence.
Quote Details
| Topic | Investment |
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