Did Draghi Just Blow His Bazooka’s Wad: Gold Soars, EUR Spikes, Stocks Slump
- Did Draghi Just Blow His Bazooka’s Wad: Gold Soars, EUR Spikes, Stocks Slump
by Tyler Durden, www.zerohedge.com
With gold soaring and bonds and stocks tumbling, it suggests the age of central banker omnipotence is at an end…
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Ironically, while a 300 point swing in The Dow is worth noting, the sentiment shift of the last 3 weeks has once again enabled this “nothing can go wrong” attitude and panicced many weak hands today. It seems a rally built on the biggest short-squeeze in history may not be sustainable after all… just like in Nov 2008…
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