Russia Ukraine war, page-2690

Our markets are saying this current conflict isn't as bad as what we are led to believe and gold is confirming that.

We seem to think financial market participants are far-sighted and keen judges of how events will work themselves out. Where does this belief in the infallibility of financial markets come from?

If this was really the case then markets would never be 'roiled', as they would always anticipate with great accuracy whatever event was upcoming.

Yet we know markets get it wrong all the time, and go careening away with hefty down days, corrections, and even crashes.