What will The Ostrich Do ?

Today is all about the ECB.

Will The Ostrich [aka Trichet, the head of the ECB ] pick his head out of the sand and see to cut rates significantly. "Significantly" means 0.75% to 2.5% and even to signal a move to 2.0% and then lower. Last time the ECB was stingy and the markets fell worldwide. Why they see a need for tight money at a time that inflation, which never was more than a speculative oil bubble, is non-existent, is beyond comprehension ?

Bank of England needs to cuts rates, too. Sweden's central bank already cut rates by 1.75% to 2%, more than expected this morning.

So far, European stock markets are strong this mornings. That can change instantly if the ECB disappoints.

Actions

I am still working on my list of stocks to buy that might go up 5 or 10x within two years if the world survives and returns to normal in two years. I'll put some Alpha Fund money into those soon, perhaps starting in early January.

Word of the Day

"Gogue" - noun [$ ? ] not in OED or any dictionary I've seen; a Mencken word.
Gogue means (from Wiki, so beware) a piece of horse tack used for training.
Sentence: (Mencken usage referring to college students) "... and eager to dance, neck and hoodwink the poor gogues told off to struggle with them."
(Modern) Has Trichet spent enough time in the gogue to get out and really run a bit ? Or will he stay in the barn, eat and sleep in complacent comfort?