Stock markets have been largely uneventful this year, save for the huge drops in August, and they showed through last week's terrorist attacks in Paris a remarkable characteristic: resilience.
The markets had plenty of reasons to crater even before the horrific attacks added a new layer of geopolitical risk to the financial landscape, but they didn't.
The Dow Jones industrial average rose aggressively Monday and registered strong gains this week, as did other major indexes, a marked difference from the aftereffects of many prior tragedies. Even European stocks were up.
"When you hear a gunshot, your first instinct is to duck," said Sam Stovall, U.S. equity...