29 ms·
There's nothing irrational about wondering how deep the iceberg goes. I'm always amused when people blaim the market for pointing out failed assets, as if the
by ebaysucks 15y ago
There's nothing irrational about wondering how deep the iceberg goes.
I'm always amused when people blaim the market for pointing out failed assets, as if the process of price discovery itself is more responsible for intrinsic value than the nature of the asset itself.
- achompas 15y agoTotally agreed. Markets moved up, but a decline of the various indices would be justified: Greece will need another bailout, as this "partial default" only deals with a little over half of Greece's outstanding debt. They still have 140 million Euros to go.