Dollar Up, U.S. Stock Market Up, Gold Down, Everyone Else’s Currency Down.

According to a statement from the ECB, "The Governing Council of the European Central Bank has decided, in coordination with the Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank, to conduct three US dollar liquidity-providing operations with he maturity of approximately three months covering the end of the year."

What this means to us is that the world's central bankers are providing a temporary plug in the European crisis until the end of the year by pumping as much money as necessary into the European banks. This is due to two European banks being forced to ask the ECB for help because they were not able to get short-term dollar funding in private markets. Thus, the ECB giving them $575 million.

In a statement written by Miller Trabak strategist for Peter Boockvar,  "The stress is still there as long as sovereign debt issues aren't dealt with aggressively but this move eases short-term funding problems."

This was no surprise to Stanley Morgan, whose global economics team predicted this action would have to be done by global policy makers. Market participants are speculating that "someone" knew this was coming. According to Scott Bleier of Create Capital, " Between the government taking these actions and a market that moves before the news, we are living inside a giant insider trading machine."

It looks like, once again, that global policy makers calculating synchronized responses, in an effort to forestall a funding crisis in the banking sector. Meanwhile, Wall Street embraces the free money given to them, taking it openhanded, regardless of the reasons it was provided.

See link: http://finance.yahoo.com/blogs/daily-ticker/fire-bad-free-money-good-traders-react-global-144357415.html?sec=topStories&pos=main&asset=&ccode