Where's Mario? Draghi Fails To Show Up For Presser
Where's Mario?ECB head Mario Draghidid not show up for a planned news conference in Frankfurt.
Meantime, Draghi's successful 3-year lending facility has not just eased funding difficulties for European banks—it's ignited a 3-day rally in European and U.S. banks.
When was the last time you saw banks with a double digit gain over 3 days?
Banks: mini rally (last 3 days)
- Citi up 12.3%
- Morgan Stanley up 11.5%
- Barclays up 11%
- Deutsche Bank up 10.3%
- BofA up 10%
- JP Morgan up 9%
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