Did Draghi Just Blow His Bazooka's Wad: Gold Soars, EUR Spikes, Stocks Slump

With gold soaring and bonds and stocks tumbling, it suggests the age of central banker omnipotence is at an end...

 

Ironically, while a 300 point swing in The Dow is worth noting, the sentiment shift of the last 3 weeks has once again enabled this "nothing can go wrong" attitude and panicced many weak hands today. It seems a rally built on the biggest short-squeeze in history may not be sustainable after all... just like in Nov 2008... 

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Did we just witness peak bullshit?

From omnipotent to impotent in an hour...

 

Sending gold soaring - after 4 slams in the last 2 days...

 

They did their best to ramp stocks at the US open... but that has failed...

 

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So first Yellen... Gold +18% since the rate hike (stocks lower)

 

Then Kuroda... (JPY strength and stock weakness)

 

And now Draghi (EUR strength)...

 

This is not going according to plan...

 

The centrally-planned world is losing faith in its 'leaders'.