Thursday, August 2, 2012

Draghi Disappoints, Stocks Plunge 170 Points

from Zero Hedge:
As he began to speak the EUR rallied, EGBs rallied and ES rallied - last minute hopiness wrung out of the system, but as soon as he explained that his plan to promise a plan which plans to promise a solution was nothing but another promise and not an actual plan, so everything reversed. 

 Wall St. has far too much faith in central bankers