Draghi's strong signal propels stocks
The European Central Bank president encourages investors with his 'whatever it takes' promise.
At the time of this writing, Jim Jubak didn't own shares of any companies mentioned in this post in personal portfolios. The mutual fund he manages, Jubak Global Equity Fund (JUBAX), may or may not own positions in any stock mentioned. The fund did not own shares of any stock mentioned in this post as of the end of March. For a full list of the stocks in the fund as of the end of the most recent quarter, see the fund's portfolio here.
oh COME ON no-bueno - this is much more than a "promise" - this is one-hundred percent pure virgin ultra-premium Hopium.
guaranteed to get everyone where they want to go ...
This is ridiculous. Stocks go up on a "promise" HA-HA really?????? how many times have the governments of the world promised to make things "better/stable" and fail to do so yet the stock market gamblers/ idiots run to buy stocks on a undetermined promise. He's promising to "save the Euro" yet the only REAL way to save the Euro would be to have steady job growth, pull Greece out of it's debt, and bring down Spains crazy 25% unemployment rate. Until the PEOPLE of Europe are working than there really is no point in trying to "save the Euro" just by printing money and erasing the debt which is most likely his plan.
It fascinates me that we are so gung ho about somebody elses using stimulus and
bailout to save their collective butts, but most on this forum and in the conservative
crowd in this country frowned on us using it here to save ours. Yet they are will to let what is happening in Europe drive our stock market.
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