Draghi just put a floor under the market, hmm

Euro WAS the 'new' funding currency for the carry trade. It's a short squeeze from hell.

In addition, US 10 year notes are at all time lows. So if you think this rally is going to get faded you better think again. There's a lot of money on the sidelines that could potentially get pushed into European bonds.
 
The market we live in now is completely owned and manipulated by central bankers. I think pretty much everyone around here knows the economy is deteriorating and if it werent for the central bankers intervening the markets would collapse on its own.
Long gone are the days where the stock market is an indicator of the economy, its now just an inflated, manipulated, algorithm of the central banks.

It seems like the worse the economy gets, the more QE we get, more money printing, more intervention, higher the stock market will go.
 
What would be the outcome of Mario Draghi's new action? Will it be fruitful for the European market? It would be interesting to see the results....
 
Quote from S2007S:

Draghi pledged to do whatever necessary to save the euro. "And believe me, it will be enough," he said.
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thats like starting out a statement with.. "trust me" or "honestly" haha now why would he need to sound so convincing? hahah
 
Quote from trefoil:

Matter of opinion.
As to the economy tanking, we'll reconvene after Sept 15. Somehow I doubt that experience is going to be repeated.
Even Geithner, corrupt and spineless as he is, is no match for the sheer stubborn stupidity of Hank Paulson.
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I think you are still drunk from the 2008 election kool-aid they served up.
 
Quote from trefoil:

Matter of opinion.
As to the economy tanking, we'll reconvene after Sept 15. Somehow I doubt that experience is going to be repeated.
Even Geithner, corrupt and spineless as he is, is no match for the sheer stubborn stupidity of Hank Paulson.
More...

And no it is not a matter of opinion, it is called common sense bud.
 
Looks like Merkel saw what Dragi's comments did for the market and decided to chime in too, giving the markets another easy triple digit gain today.

They are probably laughing somewhere, "see how easy it is to get the markets to move up!"
 
Quote from Lojanica:

Don't fight the FED (s)

We could see 1400 in the spoos. This market WANTS to go up. We're in for some volatility though. As a Trader I appreciate that aspect. QE to infinity.
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Famous last words. Shorts are getting squeezed.
 
Quote from mastacoli71:

And no it is not a matter of opinion, it is called common sense bud.
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Yes, yes, yes. You are in fact better looking, smarter, and entirely correct in all that you say, even if the world disagrees with you.
Really.*

[size=-2]*Do I care? Nah.[/size]
 
Quote from athlonmank8:

Euro WAS the 'new' funding currency for the carry trade. It's a short squeeze from hell.

In addition, US 10 year notes are at all time lows. So if you think this rally is going to get faded you better think again. There's a lot of money on the sidelines that could potentially get pushed into European bonds.
More...

The train just keeps movin..... If we snap the downtrend next week, we'll see some real fireworks. Still trading below major pivots though.
 
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