Kyle Spencer's  Instablog

Kyle Spencer
Send Message
Kyle Spencer is a senior analyst at the Hamilton Institute for Policy Research. Past experience includes 10+ years as an IT consultant for a wide range of clients, including BankAm South, FedEx and Dell Computer. Kyle's articles have appeared on, IHIQS, Seeking Alpha, Yahoo!... More
  • 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
Back To Kyle Spencer's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.