InTheMoneyStocks Pro Traders Market Analysis

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The European Indexes Still Look Ugly


A couple of weeks ago the European Central Bank (ECB) created a new lending facility to the banks in Europe. The European banks could borrow capital from the ECB at 1.00 percent for up to three years. Since the program began there have been over 523 banks that have taken advantage of the lending facility. Many traders and investors expect this to help the stock markets in the European Union, however, the charts on these indexes still look very ugly.
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