Market Calls Draghi’s Bluff: ECB Ramp Gains Erased

Market Calls Draghi’s Bluff: ECB Ramp Gains Erased

Tyler Durden’s pictureSubmitted by Tyler Durden on 01/21/2016 09:47 -0500
http://www.zerohedge.com/news/2016-01-21/draghi-dreams-dashed-ecb-ramp-gain-erased

From omnipotence to impotence… in 90 minutes

Just as we warned earlier,

As for the market reaction, keep a close eye on the duration of the risk bounce: if risk refuses to push higher from here, or worse – tumbles – the market will have clearly given its verdict on all current and future Draghi jawboning and called the ECB’s bluff: no more words, actions are now demanded.

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