主题：2nd wave of European trouble -- parishg

ECB action.

Fed Reserve has run out of bullet and only thing it can say is: 0% interest rate for another one more year.

ECB is now effectively doing QE now in the European market and its spillover effect lifts all equity market due to new liquidity injection into the global market (yes, carry trade is helping everyone).

But ECB's approach has fundamental problem and can backfire in many unepxected ways.

2012 is a technical trading year: you buy when the market is oversold and sell when everyone is too optimistic. Just take advantage of the swing.

Volatility will be back sooner or late.