alt Hacker NewsIf the bank collapse in Paraguay hadn’t happened today, and stocks hadn’t initially risen yesterday, I’d tend to agree with you. This is odd enough to potentially have a better explanation than everyone got happy and then sad all of a sudden.
Replies
golden-face • today at 8:52 PM
I thought the bank collapsed on Monday? And it was only like a 3 billion dollar bank? So note huge.
shermantanktop • today at 8:35 PM
Read enough of these “explanations” of what the market did and a portrait emerges of extreme emotional volatility combined with a fantastic imagination. The market is insanely happy because x went up, which means the Fed will do y, and so pork belly futures will do z. Oh no! Now it is sad! But for the same reason?
➕ show 1 reply
Paraguayan banks don't mean a whole lot in the global financial markets.