Former ECB President Trichet: Market created more expectations than were in the cards

Jean-Claude Trichet on Bloomberg:

• He wouldn't say the ECB failed today
• Market created more expectations than were in cards
• Short-term reaction should be considered important
• The ECB took serious action today

Ok, you can always blame the market. But a month ago the market wasn't expecting a big round of stimulus. Then Draghi went and stoked the fires. I don't know if Draghi cares but if we're blaming someone, it should be him.