One Of The Biggest Bulls In The World Is Saying The Market Is Too Complacent About Cyprus

David Zervos

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.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.