The collision of global markets and social mood

Thursday, September 6, 2012

The ECB In Dragh

It's all there: the high heels, fishnet stockings, short skirt, lipstick, wig, but if you look closely there's still some stubble on his chin under all that makeup.

Here we are waiting for Draghi's 8:30am burlesque show.  Futures have been on the rise since yesterday's close.  They're near their highs.  So far he hasn't cut rates.  But what will he say?

Who cares.

Until the S&P can get above 1413.09, he can say all he wants.  Yesterday's scenario worked well enough at the lows, yet the market never got its groove on to the upside.  Today's the day.

1391.74 looms below if needed.  All else is bread and circus.



No comments:

Post a Comment