Seems like the 2nd card was played over the weekend also.
Thanks goes to Pete.
The European Central Bank said it will buy euro zone government bonds to help support fractured markets, abandoning its resistance to full-scale asset purchases.
Sounds like QE to me. No wonder the futures are flying (interestingly China has so far tonight been flat to down...again). So government officials have gone all in. We will see how much time they have bought. Few hours/days or a several months with markets going to new highs?
Seems like that would be weak for the Euro but strong for asset markets. Time will tell.