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Market Soars After Draghi Corrects His "Error"
Following yesterday's crash in the DAX, and historic surge in the Euro after an ECB announcement which many suggested was another central bank policy error, moments ago Mario Draghi did everything in his power to reverse said error, when in a speech in New York which concluded moments ago followed by a Q&A session, he effectively tripled down on his "whatever it takes" position (remember his double down took place in Malta at the end of October) and said that not only is "QE there to stay", but could be "calibrated" if needed and the ECB can use "further tools" if needed as there is "no limit" to the "size of the ECB's balance sheet."
- DRAGHI SEES NO SPECIFIC LIMIT TO ECB BALANCE-SHEET SIZE
- DRAGHI: CAN'T BE LIMIT TO HOW FAR ECB USES TOOLS WITHIN MANDATE
- DRAGHI: CHANGES TO QE PROGRAM ADD EU680B IN LIQUIDITY BY 2019
- ECB'S DRAGHI Q&A: ON MKT REACTION, PKGE PROPOSALS PUT FWD,APPROVED
- ECB DRAGHI: QE THERE TO STAY; IF NEEDED COULD BE RECALIBRATED
- ECB'S DRAGHI: CAN USE FURTHER TOOLS IF NEEDED TO MEET INFLA TARGET
- ECB'S DRAGHI: NOT REVOLUTION BUT RECALIBRATION;WAS RIGHT PKGE
- ECB'S DRAGHI: EURO FX NOT POLICY TARGET; AS VEHICLE IS IMPORNT
So he was only joking the last time he warned the market he would go full mad dove, but this time he is serious?
Rhetorical questions aside, he made it very clear that yesterday's ECB announcement was not meant to address market expectations:
- ECB DRAGHI: NOT PKGE TO ADDRESS MKT EXPECTATIONS
No: addressing market expectations is what today's speech was for, and as one can see, while it had a very modest impact on the EUR (for the reasons laid out yesterday), which is supposedly what this is all about, it has sent the S&P soaring as market expectations of a European central bank that will do anything to support markets have been reset.
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Gonna take credit to crash to stop this insanity.
Looks like his masters yanked Draghi's chain
Everyone in the pool!
dammit, where's that glue??
It looks like this market wants to crash badly and there's a concerted effort between Asia, Americas and Europe to do whatever it takes to stop that.
Yep. Keep pumped market, despite jobs report would lead it down. No rate hike, totally obvious now
Yellen's best friend...
His master's recognizing that such "let the majority eat cake" monetary experiments never end well, therefore it must never end...
If I went on the TV and told people that the brightly coloured pieces of paper in my pocket - that only I had the lawful right to knock up in my garage - had real value and that I was going to restrict or expand their production, would this give me special status and have people hanging onto my every word (rhetorical question).
http://beforeitsnews.com/conspiracy-theories/2015/12/road-to-ww3-time-to...
Bullshitish!!
just more proof the "market" is completely scripted. yesterday was less qe and today is more qe.....sure.
Bullishit!
The Jawbone of an ASS, if i ever saw or heard one !!
Never Sell A Quiet Market After A Rise - is still in effect.
See that little dip after the first spike, right before the second spike in the S&P?
That's where I bought my puts...
I think 2100 would be a better level to hold out for.
Draghi. is he a market bitch or just the guy who wants to monetize all the debt of the Eurozone?
All this proves is that the USA has dumber algos than Europe.
Our HFT systems were programmed by Simple Jack, that's why they always go full retard.
Rising rates, like the 2nd one in March announced by GS is GOOD FOR YOU...see, look at how the market LIKES IT!! F&(*&^(*&ers!
Insanity: doing the same thing over and over again and expecting different results. -Einstein
Jump you f*ckers
Insanity: doing the same thing over and over again and expecting different results. -Einstein
Jump you f*ckers
Draghi had to fly to New York so Ben & Janet could show him how to CTRL + P.
... and that boosts US stocks???
Probably his SM domina in Manhatten got tipped by his alumni club.
Drugs are wonderful until they turn on you...and they always do.
All of this lack of credibility must be what Gold has been waiting the last 3 years for. The farce has now been exposed for us to see.
No limit to balance sheet= BUY, BUY, BUY
So why is Gold allowed to be up today????
So it can be smacked down tomorrow. Don't you know the routine by now?
Are CB's about markets or economies?
They are about transferring money from the taxpayers to the global cabal of Jewish moneychangers. They have made it clear the punch bowl will be pulled away if any said moneychanger actually gives a raise to anyone who works for hm. They've been very clear and the moneychangers have obliged.
to infinity and beyond [/buzz lightyear]
Trial & Error Central Banking?
https://www.youtube.com/watch?v=wgkUi4VM1Mc
Draghi's advisor?
remarkable how the fucking ''market'' recovers all losses from yesterday and then adds some gains.
who could have seen this shit coming.
all i want is for this fucking farce to fucking collapse while hussein is still in office. i dont want him getting away unscathed.
draghi needs to fucking be silenced once and for all
The Feral Reserve is desperate to keep it from collapsing while Hussein is in office. They'll do any quick-fix, can-kicking trick and don't give a damn what happens the day after he is gone from DC. Can't have it collapsing on his watch.
I starting to think this jesuit / mason Draghi made a bundle of cash over the last 2 days for his paymasters
This is better than any Jackass episode...what a fucking joke!
The words are completely meaningless. Only the actions matter. All very well saying how much of a big boy you are today, but you had your chance yesterday and you showed that you're not "super" anymore...
Chastinng someone in a real market is justified. Chasting someone who didnt get the insider knowlege that the CBs run a hedge fund is nowhere i would go. Maybe im nieve had i thought one of the goals of the 2008 "crisis" was to totally disable free markets id still think , impossible. But so was ramming 2 planes in some skyscrapers to kill your own citizens for your personal agenda so i guess i should have gotten it since both parties are the same
Just say whatever it takes to get the Pavlovian response you want. Doesn't matter what you actually do.
Yep somewhere tptb are sitting around laughing their asses off. Ever get the feeling all of human history is just one never ending chain yank?
Free psilocybin mushrooms for all!!!
http://youtu.be/efHCdKb5UWc
http://youtu.be/efHCdKb5UWc
Buy the terror as a strategy has worked 4 for 4. 911/Boston/Paris/California. Terror is the new QE.
Other than 9/11 I think Newtown trumped (pun intended) them all.
Yup. Everytime you think youve seen the limit on the the unthinkable and maddening. You get another notch. It just never ends Whats the worst is not only is this propped controled on debt, and not only is it manipulated but its obvious the CB s are actively managing a giant hedge fund were they control Everything. From actively setting up traps and using CNBS as their conduit, this is dispicable beyond anyones comprehension.
market would have been up with or without draghi comments. this is just MSM BS
Going according to the script.
Financial terrorism, plain and simple!
So if everything is as it was two days ago, i.e. Fed rate hike expectation strong, Draghi additional QE expectation strong, S&P back up to where it was, why is EUR/USD not also back to where it was?
So many ways to keep the bubble floating, so many, many more than we have to prepare for the pop. Not until they want it to drop, it will not.
The trend is your friend, don't fight it.
We all know it will crash, but just not today...
Is it Draghi or is it Euronext close which triggered the parabolic 'recovery'?
This phenomenon occurs more often than any ECB or FOMC-member inducted dump/rallye.