Draghi's 'Shock and Awe' campaign morphs into 'Shock and Aw Shucks'

By: Mike Shedlock | Thu, Mar 10, 2016
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In a series of stunning market reversals, ECB president Mario Draghi's "Shock and Awe" campaign quickly morphed into "Shock and Aw Shucks".

Earlier this morning, Draghi pulled out a Bazooka Package that was supposed to sink the Euro and save the eurozone from the alleged evils of deflation.

Draghi's plan worked for all of 15 minutes. The market then had second thoughts on the Euro, on gold, on the German stock market, and on equities in general.


Aw Shucks on the Euro

Euro Whipsaw
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Aw Shucks on Gold

Gold Second Thoughts
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Aw Shucks on the German DAX

More Second Thoughts - Draghi
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Aw Shucks on the S&P 500

S&P 500 Shucks
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That's a new record for "Aw Shucks" following one of the biggest financial "Shock and Awe" expectations in history.

 


 

Mike Shedlock

Author: Mike Shedlock

Mike Shedlock / Mish
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Mike Shedlock

Michael "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Visit http://www.sitkapacific.com/ to learn more about wealth management for investors seeking strong performance with low volatility.

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