What the ECB Should've Said

 | Dec 08, 2011 | 4:13 PM EST  | Comments
  • Comment
  • Print Print
  • Print

So much for hope. Right now, it looks like the fifth time trying to solve the problem in Europe is not the charm.

What did we need to hear?

OK, here's the statement: "We have decided to backstop the bonds of every country that is able to cut back their budget by a meaningful amount. We will help banks de-lever their balance sheets, being sure to keep them in business while they undertake the de-levering. We will cut rates to 0.25% to help grow the economy in the interim. And we will not let a Lehman Brothers happen. Instead, we will nationalize and preserve all depositors."

We got none of that.

And that's why we got hammered today.

Columnist Conversations

3 insiders sold a total of 518,620 Starbucks (SBUX) shares for proceeds of $43.449 MM. 4 insiders dumped 558,1...
Yum Brands saw both insider buying and selling reported last week. One insider bought 10,000 shares for about ...
The bearish star cluster on the Starbucks (SBUX) chart that I highlighted last week preceded price action this...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.