Interesting tidbit from Joe Weisenthal at BI:
There’s A BOMBSHELL Story Out Of Greece Today, And Nobody Seems To Care
There’s a story about how Greece might decide to exit the Eurozone if it can’t reach a haircut deal with bondholders soon.
If this story had come out in October/November, we’d be looking at some crazy negative market reaction to just these words GREECE and EXIT appearing in the same headlines.
Assessing a market by its reaction to news, not the news itself.
Some lessons in this?