Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

This Is A Cruel Hoax For The Policy Bears

Joe WeisenthalMar 18, 2013, 21:44 IST

Mrshutterbug.comIt must be pointed out that today is a cruel hoax for the bears (people who think that markets are going down) and their cousins the policy bears (the anti-government, anti-central bank skeptics who think every announced policy is idiotic and dangerous).

With markets having surged lately, the Cyprus haircut would have been the perfect excuse for a nice swift selloff.

But nope.

S&P off 3. And gold? Barely higher.

Snooze.