Money makes the world go around, but it's the trends, the big trends in money, that we find interesting and profitable. This morning ECB president, Mario Draghi, who famously stated a couple of years ago that the ECB would do "whatever it takes" to stimulate the European economy. Well, clearly that little sound bite and some awkward moments (Greece, Spain, Portugal) were not enough as Europe remains mired in a recession. So what does Europe do? Well, they trot out Mario Draghi again to announce another stimulus package. So far, the ECB has been wrong on its growth forecast as well as its inflation forecast. It doesn't exactly inspire confidence in their forecasting ability. Here is my take and it's simple - they have no idea how to get out of this economic hole. I never bought into the idea that getting out of a hole, meant you had to dig a deeper hole. How are the markets going to react and translate this latest move by the ECB? In today's video, I'll be looking at all the major markets. I'll take a look at how they are reacting to the ECB's announcement of its 60 billion monthly bond buying program slated to continue well into 2016. This announcement that was done with a lot of fanfare will be largely forgotten in a short time, and market traders will be again looking at the basic trends in the markets. I have said this before and I'll say again, the markets determine how central banks and politics play out on the world stage. Now let me get off my soap box and start analyzing what's going on in today's markets.
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