Hells, bells. What a crazy couple of days. And all driven by the seemingly mild-mannered (but certifiably nuts) Mario Draghi.
What would you do with US$1.3 trillion? I certainly wouldn’t buy European Sovereign Debt! Maybe buy Hawaii? What about giving US$6,000 to every family in Europe? What about a tax holiday of zero taxes for a year for everyone in Europe? Learn to code courses and high speed Internet for everyone?
Wednesday’s trading was insane, with fast and furious moves all driven off an ECB “leak”. Thursday’s trade was smoother but still fast, with a deep Reversal first thing in the morning.
Good luck with your Emini trading.