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Kyle Spencer
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Kyle is a senior analyst at the Hamilton Institute for Policy Research. Kyle's articles have appeared on Morningstar.com, IHIQS, Seeking Alpha, Yahoo! Finance, MarketWatch, EIN Newsdesk, Google Finance, Motley Fool, MSN Money, and AOL Daily Finance.
  • We Are No Longer Amused 0 comments
    Aug 20, 2012 10:13 AM | about stocks: EUFN

    From Reuters this morning:

    Top European stocks .FTEU3 were down 0.2 percent by 1145 GMT after the ECB responded to the report in Germany's der Spiegel.

    "It is absolutely misleading to report on decisions, which have not yet been taken and also on individual views, which have not yet been discussed by the ECB's Governing Council," the ECB said.

    Every time the markets cut the ECB some slack - which is exactly what it's "confidence! confidence!" proclamations are practically begging the markets to do -the ECB thumbs its nose and shouts "SUCKERS!" It's like watching a Monty Python gag.

    Even the uber-cryptic Fed doesn't behave this way. The ECB has a lot of growing up to do.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: EUFN
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