Trichet said risk signals in the EU are flashing red and frustrated QE hopefuls got no traction from Bernanke’s press conference yesterday. Is this the beginning of phase two of a risk sell-off? After touching close to 1.4500 on the recent euphoria surrounding the Greek parliament’s confidence vote on Tuesday (and the merciless squeezing of fresh Euro shorts), the Euro is tumbling suddenly again after Trichet’s comments late yesterday as the European Systemic Risk Board met in Frankfurt, as he said that risk signals are flashing red due to the threat to financial stability in the EU from the link between sovereign ... (full story)