Stock futures are starting the day sharply higher after reports say the ECB is going to buy corporate bonds. The next step is outright purchases of stock futures, and perhaps when the Central Banks own 98% of the stock and bond market, the economy will be on solid footing.
Here is what I am reading this morning:
$80 a barrel oil muffles things
A little volatility a good thing
A European Recession is a good thing
Euro sinks on hints of ECB action
Earnings not driving market now?