Skip to comments.Markets Are Really Going Wild Ahead Of Huge ECB Decision
Posted on 06/06/2012 5:15:03 AM PDT by blam
Markets Are Really Going Wild Ahead Of Huge ECB Decision
Joe Weisenthal and Gus Lubin
Jun. 6, 2012, 4:12 AM
Later today the ECB makes its decision on interest rates.
The range of forecasts is all over the map, though the majority of economists think there will be no change.
That being said, markets are booming. [And booming even moreupdate 6:45 EDT]
Italy is up 2.3%.
Germany is up 1.7%.
Spain is up 3.7%!
Dow futures point to a 100 point open.
Gold and silver are rallying very hard.
Other than ECB anticipation, the other big news is the confirmation that QEIII is now seriously on the table at the Fed.
UPDATE: Headlines about a European banking union or deposit guarantee scheme are also making the rounds.
Also, one more thing from overnight that's helping risk appetite: A surprisingly strong Aussie GDP report.
(Excerpt) Read more at businessinsider.com ...
the markets must not fail
obama must be re(s)elected
Markets don’t work that way.
I love this logic! So can anyone tell if the shorts are strengthening their position for the next let down?
The markets operate like a manic-depressive—or should I say ‘bipolar’.
DR COPPER IS STILL SINGING THE BLUES
Who is pumping money into the US markets or hinting that they will do so? What does the term QE3 do to the markets?
The markets are reacting to “hope”?
“Hope” is a commodity sold by who?
Then of course there is the US propping up of the IMF and the US bank exposure to euro debt through investments guaranteed by default insurancs ... an exposure too big to be allowed to fail...at least as long as the Fed (and Jon Corzine) has checks in the checkbook.
But please correct me where I am wrong and show the “PPT” is an urban myth