Dan Roberts, writing earlier this year for the Guardian:
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Margaret Thatcher famously outraged the left by asserting there was no such thing as society. Perhaps today would be a good moment for David Cameron to flummox rightwing orthodoxy by declaring there is no such thing as “the market”. This mythical creature has been credited with playing a key role in events of the last few days. The market was unhappy with uncertainty. The market doesn’t like coalition government. The market didn’t want to hang around and wait.
Television news crews were even dispatched down to the City of London to try to doorstep this grumpy beast, standing outside empty office blocks hoping to catch a glimpse.
The reality, as ever, is more complicated. There are markets, but many of them, all with buyers and sellers expressing necessarily contradictory opinions on where things are going.
Some of these markets have indeed shown clear reactions to the political turmoil.