Anatomy Of Wall Street’s ‘Full-Blown War Freakout’

Late last week, I noted that war risk became real for markets. Briefly. It became briefly real for markets. Iran's aerial barrage against Israel was, as I put it, an early candidate for worst-kept military secret of the century. Mainstream media outlets all around the world began reporting on the likely timeline for the attack early last week. Markets largely ignored that reporting until April 12. Why? Why ignore it until a Friday? Because holding risk -- let alone adding it -- into and over t