Europe: Is The “Draghi Effect” Over For Stocks ?

draghi

When Draghi “saved” the Euro in July 2012, European stocks started running while the ECB was simply “monitoring” the situation, without really doing anything: is the party over ?

http://static1.businessinsider.com/image/52ceac0becad04dd09d02449/the-euro-is-tanking.jpg

It looks like the party is really over:

http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2014/08/sc-1.png

Our financial sector is weakening, and it’s doing it in a scary way.
The lower support created by the ECB (with the famous “whatever it takes” speech by Draghi in July 2012) is no longer a support, forget about it.

Is Europe really causing a world market correction ?

 

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