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Markets Slide As Draghi Kicks The Can
But, but, but all the clever talking heads said he had to do it now...
- *DRAGHI SAYS ECB TO REASSESS CURRENT STIMULUS NEXT QUARTER
- *DRAGHI SAYS ECB MAY NOT DECIDE ON NEW MEASURES IN JANUARY
- *DRAGHI: DECISION TO CHANGE BALANCE SHEET LANGUAGE NOT UNANIMOUS
This is not what the market wanted to hear - Draghi kicking the can with no indication they are any closer to getting Zee Germans on board with direct monetization of European fiscal irresponsibility.
US Stocks and EURUSD reacted first
As S&P Futures are now unch on the week...
Gold moved early but has extended its gains for now...
and European bond spreads jumped higher...
And DAX Futures just lost 10,000
Charts: Bloomberg
* * *
This would appear to be the perfect BTFD opportunity because EVERYONE has cash on the sidelines and knows Draghi will do it eventually... right?
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BULLISH!!!
NO better alternative than STOCKS.... #koolaidtime.
OH NOOOO MISTER BILL!!
HERE COME SLUGGO WITH NO MOAR QE FOR YOU!
Its funny how the markets get cranky when it doesn't get its crack..... burn mother fucker, burn.
Oh, I thought he meant the bucket. Crap. Don't tease me like that, man.
That's it Draghi, make the Fed, UK & Abe do all the printing!
Time to slaughter the dollar bulls.
His clothes are still on the peg in Germany
Let me sum up the difference between Europe and the US as it relates to the ECB and the FED.
In the US the FED unleashes QE and the banksters and the top 0.1% get filthy rich. The sheeple go along merrily with their youtube and mobile devices.
In Europe, if the ECB unleashes QE and the banksters and the top 0.1% get filthy rich, the citizens will turn out with torches and pitchforks.
Yep, the sheeple in the US are getting fleeched and happy about it. In the meantime the criminals get bolder.
Fleeched: (v) Getting torched and fleeced at the same time. Love it!
You mean Europeans know what QE is? Almost nobody in America knows. Frankly, they don't know what the Federal Reserve is, or who Janet Yellen is, or where money comes from, either.
You mut live in another Europe?
If it says federal, it must be owned by the government and therefore good. Much like that well know government delivery service Federal Express... both good and fast. I love our government overlords.
But we have a black president so all is great! Who cares if he is a disaster rewarding crooked bankers and very richest, destroying the healthcare system, rewarding illegals, running up massive debt and setting a disastrous foreign policy....it isn't the quality of the man, it is his skin color!
Europeans have not, and are not proving they are any smarter, more informed, braver, or less deluded than SOME Americans.
That particular clumsily broad-brush, but oh so fashionable idea here on ZH, is embarrassingly ignorant.
ECB President Mario Draghi's last move towards more QE is no more than stupidity on steroids, even words like misdirected and boneheaded do it a disservice. This is more proof that the Euro-zone is in big trouble, both the union and the flawed currency is again begging to crumble.
One is forced to wonder if Japan and the Yen will crash first considering how each day Japan slides closer to the economic abyss or whether the Euro will lead the way into the wastebasket. Draghi has helped the countries of Europe kick the can down the road but this only delays the failure on the Euro. More on how the Euro-zone has failed to make any real reforms in the article below.
http://brucewilds.blogspot.com/2014/09/euro-zone-and-draghi-both-mired-i...
How many times has this fucked just jawboned and kicked the can now....don't they have the storybook The Boy Who Cried Wolf in Europe ??
his pres conferences are like a bad infomercial "but wait, there's more!"...."how much QE do you think its worth? 1 billion, 2 billion? nope 4 BILLION!"
Apparently not because "the market"keeps falling for it without calling him out.
"Hope" is a helluva drug!
Meanwhile Central Banks In China, South Korea, Taiwan, Singapore, And Thailand, Fearful Of Losing Competitiveness Relative To Japan, Are Easing Their Own Monetary Policies – Or Will Soon Ease More. http://investmentwatchblog.com/are-we-in-the-midst-of-currency-war-central-banks-in-china-south-korea-taiwan-singapore-and-thailand-fearful-of-losing-competitiveness-relative-to-japan-are-easing-their-own-monetary-policies/work for tiny url?
The ECB and Fed must be envious of China. One govt researcher says stock market will nearly double and stocks immediately gain 8% in two days. Chinese stock market going to 5000!
BTFD, Santa is coming
Draghi has his hands tied until the Bundesbank part of the ECB acknowledges we are in deflation and Mutti then allows some sort of QE to save the EU ship in EZ.
Until there is resolution at the TOP there will be rock around the can kicking clock.
Please Germany find strength from within and let the Euro die.
BTFDraghiDip
yup, more free money.
Dragging no give happy-Stawk talk? :(
dont worry all draghi talk is bullish...... green and records today kiddies.
Funny, Bloomberg just pushed a headline that the ECB is unanimous on moar "stimulus"if needed.
"if needed" means if the stock "market" goes down, which it hasn't, so no moar needed right now. easy peasy.
Monkey hammering in the COMEX gold pit in 5.4.3.2.1................
But I want my free money!
Signed
Whiny banker
But I want my free money
signed poor and worried
Yes, by all means pile into reverse ETFs and short positions, and have your face ripped off within the hour. Millions will pay any amount for equities, there is no limit when they are all so certain the Fed stands solidly behind them. Every dip gets bought, and why not? No matter how high a price is paid, the next person will gladly pay even more. Zero rates for savers and wild debt-driven SUV buying frenzy. More phony appraisals to try to support a faltering housing market. What could possibly go wrong? Fed stands ready to act. Bears will have their day for sure. But that day is the day millions lose faith in Fed and can see more QE will do nothing. Until that day arrives, and may be years from now, nothing but upside
Count Draghula promises more blood but just doesn't happen to have it here handy.
"You got de money?"
"No, I don't got de money. I got de money, but,...not with me here right now. Is in de car."
"Is in de car?"
"No te mueves cabron!"
incoming eu qe....qe to infinity untill wwIII
If you would have asked me 70 years how I felt about the Germans, my answer would have been slightly different, but today I sure am glad they are a nation to be reckoned with in Europe.
The only thing standing between us and utter monetary madness, is some Teutonic rigidity.
Draggi is a dweeb.