Financial markets do not think as one.
Do markets really exist as things, in the way journalists use the term "the market believes", or "the markets reacted" to so and so. When prices go one way or the other, isn't this just traders reacting to other traders and analysts reacting to other analysts? Jonathan Baskin is a favorite of mine in the branding space. Today he comments on how "the media" has assigned markets to be living things and their reaction to events somehow useful in our daily lives.... not so much.
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