UPDATE: DRAGHI DISAPPOINTS, EURO FALLS, DOW DOWN 84: Market Rally Vanishes Amid Press Conference

volcano explosion

Photo: liveleak.com

UPDATE:

It gets worse!

Dow down 84.

All major indices pointed to losses of about 0.8% after Mario Draghi doesn’t do enough to depress sovereign yields.

—————

Mario Draghi has disappointed the market, it would seem.

In his press conference he’s made noises about yields being unacceptably high, and other things.

But there’s no concrete action.

Markets are going down.

The Euro is going down.

Peripheral spreads are up.

The Dow is down 22.

Timber!

Follow the whole press conference here >

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