"However, the Manhattan market has reflated noticeably since the height of fear in early 2009, " he said.

BBC: Living in: New York

During the height of the recession, where fear and panic were the predominant modes of belief, I strongly believed that we would come out of the recession much as we have in the past.

FORBES: How to Separate Financial Fact from Opinion

The biggest fear on Wall Street is that finance, which accounted for a staggering 40% of corporate profits at the height of the credit bubble, faces decades of relative decline.

ECONOMIST: Investment banking: Wall Street's annus horribilis | The

Libor and other fear indicators are nowhere near as high as at the height of that crisis, when Libor soared to more than 5%, but were wide enough to start to draw attention.

WSJ: Dow Takes a Harrowing 1,010.14-Point Trip