I chose fear, but I think "stupidity" would have been a more accurate descriptor for how humanity as a whole would respond. The military could very well initiate some kind of conflict via some misunderstanding despite the fact that they would likely not be able to defend the planet even if they were hostile (Earth/Minbari war for anyone who watches Babylon 5). Various cults would sprout up worshiping the aliens much like the WWII "cargo cults", who worshiped the giant metal birds that dropped wondrous items on them (Canned food, candy, clothing, etc) and tried for years after the end of WWII to call back these gods by dressing in military uniforms, building signaling fires on disused runways & constructing large aircraft mockups using foliage. Finally there would probably be a measure of a "give me" attitude, a feeling that the aliens should help out humanity with advanced technology, despite the fact that the introduction of a significant amount of any such technology would probably result in major disruptions to society and probably do far more harm than good ("Friendship One" for anyone who watches Star Trek: Voyager). I'd love it if we met (friendly) alien life, and eventually it could help us mature as a species, but it would probably need to be done slowly over decades or even generations or happen centuries in the future when (hopefully) we've matured a bit more on our own.