First, yesterday's post from Doug Henwood....
Headline from this morning‘s DealBook, the M&A newsletter from the New York Times, edited by Andrew Ross Sorkin:
Will Egypt Crisis Hurt Deal-Making?
Isn’t that the first question that leapt to your mind too?
But Doug follows up to let us know that it now appears all is well:
Those market worries about Egypt yesterday? History! The Financial Times reports that “Investors return to risk as Egypt fears ease.” Today is, as they say, a “risk-on” day.
Why are market participants seen as rational evaluators of anything? My five-year-old is more emotionally stable than your average trader.
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