Well it looks like the markets are in fact diappointed by the outcome of the EU Summit and would have prefered to see some printing ann to cover the immediate debts...instead we have news reports that the ECB will not can not should not bail out anyone and "it is forbbiden under the current treat" comments are not helpfull.
Well if the grand plan was to boost the market with the Summit outcome and at the same stop the ECB Bond Purchase ...then they have failed on all counts imo...
The only way out now is to print money until Fiscal policy returns Europe to Growth....don't hold your breath....
penny's - dusting off the banjo - monday, page-54
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