So I guess you expected that markets would just “rip for the sky” on news of The ECB finally pulling the trigger eh? Wrong.
SP 500 and “risk in general” rejected at the suggested area around 2050 as……this has been priced in for ages. Draghi taking his turn “pissing into the wind” for the final attempt – as market fundamentals begin to steam roll Central Bank efforts.
We all know QE doesn’t work…and if you ask me…..if looks like “the market” is starting to get it as well.
The Canadian Stock Exchange $TSX has also bounced to the downward sloping trend line , where I expect it to be rejected and begin the next leg “considerably lower”.
And just a quick note to “any and all of you readers” still convinced that The Central Banks have your back………………..
Just keep your head buried in the sand while they print you into poverty.
You’ll figure it out eventually..