Ray Dalio – The Problem Is With The Markets: Not With Mario Draghi’s Policies

  [dalio] Market participants and markets have shown themselves to be erratic while Mario Draghi and the ECB have shown themselves and their policies to be steadily in the right direction. As a result, it has been the norm for markets to swing to extremes on both sides of the trend (which has been shaped by ECB policies). Thursday’s reaction to Draghi’s announcement was one of these. Concerning the recent erratic market action, it swings with erratic swings in sentiment. The market was very short the euro and very over-weight European equities, so it was primed for a correction. See the…