Chart Update as Risk On Dominates
Markets gapped lower this morning, but as the Central banks of the World have decided, there is a huge put, assets will not go down. ECB is seen actively buying all the PIIGS crap nobody wants to buy, pushing yields lower, and creating that false sense of security. When central banking has become central planning, you can only join them, until the bubble is too big. European futures spiking, Euro soaring, and the shorts are yet again squeezed in this no volume melt up. Charts below.
Dax. It must only go up.