Unfortunately the proposed legislation announced by Jack Straw, the home secretary, bears all the hallmarks of a panic reaction.
Its nuclear posture includes, he believes, separation of warheads from launchers to minimise mistakes and a response time calibrated to avoid panic reaction.
The most common incidents -- the slam of a door, a car backfiring, a surprise tap on the shoulder -- can cause a panic reaction.
"There was a panic reaction, people fear a scandal like Enron or Parmalat as soon as they hear the term 'accounting problems', " said investment analyst Thomas Veillet of Swiss firm Dynacapital.
But I think a panic and a reaction set in, which has actually now made me the best known MP in Britain.
Panic is an understandable reaction for buyers who suddenly find that their insurance contracts are worthless.
Markets in Europe and the U.S. that seemed to top out in mid-February, plunged further in almost panic-like selling in reaction to the disaster in Japan.
Where Wall Street's reaction to corporate trouble is more panic than reason: Buy.
My instant reaction to the Cyprus deposit levy was that it could trigger a panic among depositors in the rest of Europe but that it was also perfectly possible there would be no reaction.
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The reaction of competitors such as RIM (BlackBerry) was disbelief, even panic, or ridicule.
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"There's no reason for the kind of reaction we're getting, " Dodd added, referring to what he described as "panic" on Wall Street.
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