Thursday, October 11, 2012

You're up Mario

I touch on the timing of ECB and Fed intervention in my Barron's Online column today. It seems that they happened lately at the 50-day average and newly formed rising trendline from June.

The problem is that both central banks have barely implemented their new plans let alone are ready for more. China and other central banks tried but they did not move this market.

So now what? Mario, it's your turn if the pattern is to continue. What's that? You are out of other people's money? Surely, Angela Merkel's welcome by Nazi garbed protesters in Greece will put everyone in a pocketbook opening mood.

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