In a volatile session, ECBs Trichet has said that the ECb has resumed its Bond buying, and has pledged to lend more money to Banks to stop the debt crisis spreading to Spain and Italy. Bonds have rallied massively with the Schatz hitting 109, and the Bund up 100 ticks.
In generral there is a very bearish tone to the market, with the Dax off 1000 points since last week, in an aggressive sell of amongst all indices.
Looks like a double dip to me, so will maintain my bearish stance.
Tomorrow we have Non Farm Payrolls, and anything but a good number I believe will send these markets into free fall. Either way it will be very interesting.
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