Interesting how the Asian markets didn't respond as well to the news out of Europe.
Someone was looking for the definition of sterilized in regards to the ECBs actions...
"The bond purchasing plan is said to be "fully sterilized" meaning that all liquidity injected into the financial markets will also be taken out of the markets elsewhere."
The US housing index, as well as the equity indexes are traveling quite well. Asia is still struggling. China needs to come to the party somehow....perhaps they'll wait until the leadership change to do anything big on stimulus.
I feel a little short term divergence on the Asians compared to the Europe and the US.
CanOz