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Stocks Erase Draghi "Moar QE" Gains As USDJPY Tumbles
Draghi - we have a problem. They hoped, he came, they sold. US stocks and bonds knee-jerk rallied on the "expanding QE" promise from Draghi thi8s morning but all those gains have been erased now as USDJPY 'fun-durr-mentals' drag it lower. If not even the latest reduction in European economic forecasts can push stocks higher, we central banks may have a real problem on their hands.
Charts: Bloomberg
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Stocks are now algo country. No country for men young or old.
Let them burn.
Gee....lifespan of CB pumping ops now measured in mere minutes? Uh oh.
Well, would YOU buy a used car from Draghi?
in other words
Draghi talk is cheap
THe rekovery is right on track. Any day now.
I'm waiting for China to take a very large position in the artificial paper gold market, say 3-5 times more than the entire planet holds -- then insist on delivery. That will teach the Western Central Banks a lesson in reality.
the only reason they buy these stuff is for selling them, just like they dumped treasury once they felt they had enough.
the only reason they buy these stuff is for selling them, just like they dumped treasury once they felt they had enough.
dow 50,000
<Dow 11,000
<Dow 50,000
I don't know what chart your reading, but mine shows a gain. one more small bump up.
They called a bottom again.
I think Tyler's referring to a drop from overnight futures highs since the Draghi comments, but you're right that, with various indices' HRLY stochastics in the upper 90s & VIX being clubbed under holiday volume, this has more the makings of a potential epic ramp day than any disappointment, unless bears come in strong now.
Not the illiterate 'moar' again!
Learn to spell.