Cavuto: The Markets Reflect Our Nation's Resilience
Neil Cavuto said the stock markets did not sell-off after the Las Vegas massacre because Wall Street in itself is a microcosm of American resilience.
He said that it is not always right to see traders as a homogeneous group, but a collection of people not too different from the average American.
Cavuto said that the traders thought the shooting was not worth "giving up" over.
"Maybe they're sadly used to this. Maybe they were relieved to see a city that refused to let a madman get the better of it," Cavuto said.
"Markets might be part of the moment, but they don't necessarily live in the moment," he said.
Cavuto took a look back at major American events that caused a sell-off or depression, like the Great Depression, Kennedy assassination, 9/11 and so forth.
Examined closely they look like drastic drop-offs in market value, but on the whole since 1896, the trend has been consistently upward.
"Over time, Americans refuse to stay down," he said. "That is what we do and that is our history."
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