Market Hears the Dinner Bell
When market players saw Mario Draghi on the wires they automatically hit the buy button once again. There is more talk from Draghi about how the ECB is going save Europe and the market continues to be downright euphoric, although there are few specifics. It isn't hard to be skeptical about how easy that mission might be, but in this market any talk about bond buying by a central bank produces a Pavlovain response.
As usual, we are seeing the V-shaped bounce action, which makes new entries tough unless you like paying up after a stock makes a big move. But that is the only way to add long exposure in this market and it tends to work, so it is self fulfilling to a great degree....64 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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