ECB Tricket (ECB President) reportedly said that banks are on "path to recovery".

Note that being on the path of recovery does not mean, that banks have recovered, and does not mean that they will recover soon. The journey may contain bumps.

However stock markets are forward looking. It is this type of news that smart money would use to mark up stock markets as explained in the posts in which we predicted with laser precision the bottoms of October 16 and October 10.

You must read the market calls of October 16 and October 10 on this blog.

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