from Zero Hedge
Total chaos reigns as equity market “participants” flip from manic-sellers (IMF un-growth and Italian bank bailout failure) to panic-buyers after the following headline hits Bloomberg:
- SAUDI ARABIA, RUSSIA REACH CONSENSUS ON OIL FREEZE: INTERFAX
- INTERFAX SAYS SAUDIS TO DECIDE ON OIL FREEZE REGARDLESS OF IRAN
- INTERFAX CITES UNIDENTIFIED PERSON ON RUSSIA, SAUDI CONSENSUS
The initial surge reaction…