“supermario” doesn’t live upto his name and disappoints

Quick snippet – European markets have done a large volte face on Mario Draghi’s comments and the standing pat of both the BoE & ECB central banks with interest rates to make it a straight treble following the Fed last night. Not good for the bulls – always “buy the rumour and sell the facts” is the lesson here.

The words I am hearing coming out of the press conference are most certainly not what the more ardent bulls were hoping for. More to come later…