somehow i feel the market is going to fall soon and giving us an extra opportunity to short above 2070 may not come... it becomes too clear now no? who knows...
i dont think it will fall before options expiry tomorrow. but monday is another week and the difficult scenario is one where markets start to fall before draghi announces... that would be very difficult and is to be factored then... a bit counterintuitive to short before right?..
which is why DAX shot up
Something is amiss. Remember those old Jackson Hole moments when the Fed would promise QE in the future, say to start in November, and the markets would just take off? What happened to the good old days? Here we have the ECB promising (illegal or unconstitutional) QE weeks in advance and the market now, like a rather egotistical, elite, spoiled child, sits back and has the audacity to judge the gift horse? Really?
What happened to the unconditional ramps to new ATH glory? See A "Conditional Bazooka": European Top Court Finds ECB's OMT "May Be Legal" But Must Meet Conditions
Why? With an even lower Euro it's even easier for Germany to export goods to other countries around the world, because it makes the products produced in Germany cheaper. Therefore the German economy can expect more demand and export more goods. Therefore the German economy will get stronger with a weaker Euro. Therefore the German stock market index DAX shot up based on this good news for the German economy.