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Trading the ‘Tasmanian Devil’ market

European Central Bank President Mario Draghi
Francois Lenoir | Reuters
European Central Bank President Mario Draghi

European Central Bank head Mario Draghi certainly is making a statement as the initial asset purchases in his quantitative easing plan have acted in a tornado-like manner. The feverish ECB action since Monday reminds me of one of my favorite Looney Tune characters, the Tasmanian Devil.