CBNC - ECB and Knight Trading Glitch
I visited with Kelly Evans and Ross Westgate this morning about the pending ECB rate decision and what impact further bailouts will have on the Eurozone. More importantly is the question of regardless what Mario Draghi promises will Germany support it? That answer is likely "no" given the recent discrediting of Mario's "We'll do whatever is necessary" speech last week by the German Finance Minister.
I also took a moment to discuss the recent "flash crash" by Knight Trading group and the potential psychological impact it has on investors who are increasingly feeling that the "markets" are no longer a fair playing field. This has potential long term ramifications to the markets as investor confidence continues to wane.