"Ultimately this a very small amount - it's symbolic rather than more substantive," Steve Wood, chief market strategist at Russell Investments, told the BBC.
Empirical results typically reveal significant correlations only across markets that are located in proximate geographic areas, with no substantive links between markets across wider zones.
Tett says something substantive about the bond market.
The danger, the great danger, is that some other wild card gets tossed on to the table be it a terrorist attack, dramatic disclosures of far worse financial conditions at major firms or political bickering that prevents substantive reforms of our markets and regulators.
(In the words of a graffiti writer and activist Chang approvingly quotes, "Young people are noticing that the only thing that can't be bought, sold, co-opted or marketed anymore is substantive political organizing and dissent").
Investor and serial entrepreneur Brad Feld weighed in on premature scaling to say, "Hiring any substantive number of sales or marketing people before there is customer adoption is premature scaling.
"Market stress could also result in a substantive and disorderly reversal of capital flows from emerging markets, putting pressure on more vulnerable economies.
But under libertarian labor markets, neither formal nor substantive equality of opportunity is required.
Although they can sometimes be intertwined, it is therefore important to distinguish between disciplinary approaches, research methods, and substantive arguments about the value of markets.
One analyst, Christian Stracke of the research firm CreditSights, said the effort appears to be an attempt to soothe tense investors in the debt market, rather than to provide substantive relief to the worst-hit mortgage securities.
