ECB And The IMF Doing Something Big - futures io
futures io futures trading



ECB And The IMF Doing Something Big


Discussion in Traders Hideout

Updated
    1. trending_up 647 views
    2. thumb_up 0 thanks given
    3. group 0 followers
    1. forum 0 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

ECB And The IMF Doing Something Big

(login for full post details)
  #1 (permalink)
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
 
kbit's Avatar
 
Posts: 5,902 since Nov 2010
Thanks: 3,294 given, 3,357 received

Yesterday we mentioned the latest rumor in Europe, that the ECB would lend money to the IMF, which would in turn lend money to beleaguered governments.
It seems Rube Goldberg-ish to us, but it's possible that this circuitous plan is more palatable than directly having the ECB monetize government debt.
Anyway, it was good for a brief lift in the early going yesterday, before the wheels fell off.
It's back, and the markets are once again getting a bit of a lift.
The Dow is currently pointing to a gain of 60 points right now, which is well off the lows.
According to Dow Jones, the idea is "gaining traction".
We don't know the details, and we don't know what it means, and unless it's unlimited firepower, we're skeptical that it will ultimately do more than the various bazookas Europe has tried so far. But there might be something here.


Read more: Markets Just Spiked After More Reports About The ECB And The IMF Doing Something Big

Started this thread Reply With Quote


futures io Trading Community Traders Hideout > ECB And The IMF Doing Something Big


Last Updated on November 18, 2011


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1500 prizes from Topstep!

February
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Call Option Buying: The New Pain Trade? w/Carley Garner

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts