Vodkaconhielo

Vodkaconhielo t1_iuc5fpd wrote

Everything is priced in until something take the market totally by surprise. Did you see what happened overnight with bonds in the UK ? If the BOE hadn't intervened inmediatly the systemic risk could have caused a massive crash in almost all markets around the world. In 2007 the market didn't know about CDOs until it was too late. This time could be the same we don't know what could be hiding under the surface invisible to the markets but sovereign debt around the world looks extremely dangerous and nobody knows what to do exactly in case of a sovereign default that could potentially involve big countries in the EU.

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