How One Meaningless Headline Made Markets Go Bonkers In A Flash

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		Tech Media Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Wednesday, June 29, 2011 How One Meaningless Headline Made Markets Go Bonkers In A Flash Today we got a great example of the speed at which gigantic global markets respond to news. During the midst of the austerity debate, there was a bit of a surprise when one member of the ruling PASOK party voted NO on austerity. It never appeared likely to change the outcome, but just the words "RULING PARTY" and "NO" appeared briefly in headlines on Bloomberg terminals around the world. In that instant, the euro plunged, and German Bund yields tanked, as everyone rushed for safety, before (in an instant) it became obvious that there was nothing major happening, and everything would be fine with the vote. Bottom line: It doesn't take much to get gigantic moves in some of the biggest markets in the world. Read » Also On Money Game Today: Jim Rogers: The China Shorts Have Had It All Wrong, But At Least Hugh Hendry Admits It JEFF RUBIN: The IEA Wouldn't Deplete Oil Reserves If It Weren't Counting On Another Global Recession The Fed's Rule Call On Swipe Fees Sends Visa And MasterCard Way Higher Jim Rogers, Do You STILL Think The China Bears Are Wrong? Advertisement CHART OF THE DAY: The Housing Double Dip ACCELERATES CHART OF THE DAY: The Good News Is That Housing Is Slowly Becoming Irrelevant CHART OF THE DAY: This Chart Explodes A Key Tenet Of The GOP Share this: Buzz Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.wyldside@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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