Market Anthropology: the Visible Hand

Monday, February 20, 2012

the Visible Hand

As noted this morning, the ECB halted their bond buying program for the first time since early August. In many ways this dovetails into my last note of the declining influence of momentum pressures upon price. 

What it interesting with the market environment today, is the overlap of monetary interventions, both blatant and discrete – between the ECB and the Fed.