13.7 C
New York
Saturday, November 2, 2024

Meet The Latest Member Of The Plunge Protection Team: The European Central Bank

Courtesy of Tyler Durden

The long-debated topic of whether the ECB intervenes on behalf of the euro can now be put to rest. 120 pip move in a minute is not a short cover. It is, and always has been, forced central bank intervention. Bernanke is so happy Trichet is doing his work for him for the time being. Be very wary of buying stocks on this intervention, as Central Bank involvement now at best leads to a 12 hour temporary "fix" to the market that Bernanke et al want to sustain.

 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,531FansLike
396,312FollowersFollow
2,320SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x