Here Comes The Stick Save: ECB “QE Coming” Headline Sends Stocks To New Record High
by Tyler Durden
ZeroHedge.com
12/04/2014
Who could have seen that coming!!??? Apparently Draghi could not clarify exactly what he meant in 90 minutes, 3 hours ago!!!!
*ECB SAID TO PREPARE BROAD-BASED QE PACKAGE FOR JANUARY MEETING
So, despite telling us earlier than not January and not ready, we get this spurious headline just as EURUSD crossed 1.2450… Fun-durr-mentals indeed.
Here is Bloomberg’s Jana Randow:
European Central Bank Governing Council expects to consider proposal for broad-based asset program including sovereign debt next month, two euro-area central-bank officials familiar with deliberations said.
Package envisaged to include all kinds of bonds, no equities
Package hasn’t been designed yet; no decision on implementation taken yet
Composition of package may be influenced by incoming data
Officials asked not to be identified because discussion is private
ECB spokesman declines to comment
The Rest…HERE
