Perfectly Irrational Market Slides On News Spain Actually Not On Verge Of Default
Within seconds of the non-news headline (via Bloomberg) hitting:
*EU SAYS IT'S NOT EXPECTING SPAIN AID REQUEST 'ANY TIME SOON'
The S&P 500 is crumbling, Oil is plunging, and EUR is selling off
which just as we tweeted:
So Europe having run out of anything actionable, gets some media outfit to repackage old stuff in ALL CAPS and flash it as breaking stuff
— zerohedge (@zerohedge) August 23, 2012