So are you betting Draghi will announce a massive loan fund to pump debt into anything with a pulse or indirectly through more QE?
just heard on bloomberg In the release of numbers they said "we will make further stimulus announcements in the press conference later today"
Mario is talking now but they would prefer to talk about other crap now one gives a shit about edit: the conference from mario is on the live event channel! http://www.bloomberg.com/live-stream/ He was just asked; why no QE? He responded "we are not finished yet"
If it can close above 2000 for the week it will signal the next leg-up. The de-escalation in the middle east and the anticipation of QE by the ECB is enough to make the markets moist.
That's the problem with those signals at every leg. At some point, a long forgotten 5 years signal pops up, with an amplitude sized 10 times the leg signals one.
Signs of an looming crash 1. Price moves up despite falling volumes 2. Bullish sentiment abounds 3. Pricing far removed from fundamentals (earnings) 4. Start of declines in some sectors despite the broad average continuing its rise .................................coming soon ...............................
The thing to watch out for is this one: a multiyear double peak. We have seen a say one. And a months one. But the multiyear one is still pending. So it's quite possible that markets make yet another big SWUUUUUUUUNG like before. With alot thinking a second time oh this is it lets buy (or sell) this or that. But I won't trap in it. And btw, why such multiyear double peak anyway? Well simple: the central planners didn't finish yet in destroying enough existing fiat deposits. Only when depositors lost about 50% of what they had before 2008, central planners will be able to proceed the 'usual' way that they abandoned in 2007.
Mario is talking again http://www.bloomberg.com/tv/europe/ ECB lowers benchmark rate to 0.05%, and deposit rate to -0.2% http://www.bloomberg.com/news/2014-...ing-sizable-abs-purchases-after-rate-cut.html
ECB QE European markets up, no word on how big its going to be but they will be purchasing mortgage backed securities and government bonds
So basically the ECB are trying to follow The Feds same stimulus program that has'nt saved the U.S in the last 6 yrs???