World is loosing faith with garbage policies. Natural order of destruction and rebirth is being messed with. You end up getting dislocations in asset pricing which correct abruptly when CB's give up. The data is fudged with and the real world doesn't jive with artificial world of fudged data. They are truly worried about the system falling apart. Joe the plumber hasn't benefitted as much as upper middle class. They should just institute no taxes on lower brackets to equalize wealth. And a flat tax upper brackets. You can tell who joe the plumber will vote for.. Wait till the elections get closer you will see visceral reaction in markets.
if es closes below 76, watch out below!! Having said that, someone on chat poimted out that last time draghi spoke, market went down, but then he sais something the next day which made it go up again. He is a SOB.