Photo: Bloomberg TV
Jefferies economist David Zervos, one of the most notably bullish guys on the Street, is striking a decidedly different tone today.Zervos is on Bloomberg TV this morning, and he says markets are underpricing the risks posed by developments out of Cyprus this weekend.
“I guess I’m a little surprised at how complacent the markets are on this,” said Zervos.
Late last week, Zervos slammed the bears in a pretty forceful takedown.
However, he definitely changed his mind this weekend about the only direction for the market being straight up as the Cyprus bailout deal unfolded.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.