Certainly, European markets have reached for their handkerchiefs this past few days, though opinions seem divided about whether the Fed rate cut in the U.S. was a smart move or a sign of panic.
Another possible draw: the introduction of a service called Sea Smart, a one-button emergency gizmo, comparable to OnStar for luxury autos, with a panic button that sends a signal via satellite every ten seconds and offers real-time tracking of the distressed vessel on a 3-D color map back at Sea Tow's headquarters.