Some of what Draghi SAID (not did)

On the Economy:

• DRAGHI SAYS UNDERLYING PACE OF MONETARY EXPANSION IS SUBDUED
• ECB'S DRAGHI SAYS INFLATION EXPECTATIONS ARE FIRMLY ANCHORED (hinting that easing is possible)
• DRAGHI SAYS INFLATION SHOULD DECLINE FURTHER TO BELOW 2% IN '13 (Hinting that easing is more possible next year)
• DRAGHI SAYS EURO-REGION GROWTH REMAINS WEAK (hinting that he thinks we're all clueless)
• DRAGHI SAYS HEIGHTENED UNCERTAINTY WEIGHING ON EURO SENTIMENT (see above)

On Policy:

• DRAGHI SAYS EXCEPTIONALLY HIGH RISK PREMIUM IN SEVERAL NATIONS (Italy and Spain)
• DRAGHI SAYS RISK PREMIUM NEED TO BE ADDRESSED (Probably by a bailout at this point)
• DRAGHI SAYS EURO IS IRREVERSIBLE (More hyperbole or more of last week's "talk")
• DRAGHI SAYS HIGH YIELDS ARE UNACCEPTABLE (Yet they are there for a reason)
• DRAGHI SAYS POLICY MAKERS NEED TO PUSH AHEAD WITH CONSOLIDATION (They just don't agree how)

DRAGHI SAYS GOVERNMENTS MUST STAND READY TO ACTIVATE EFSF (Must be talking to Germany)

DRAGHI SAYS ECB MAY TAKE FURTHER NON-STANDARD MEASURES (Promises of future promises)

And the comment that shows Draghi may not be ready to spit in Germany's face quite yet...

Draghi says even if we were ready to act now, would not have grounds to do so

As for European Equity markets...

Can you guess which two markets are in pink and red? If you said Spain and Italy... Ding, ding, ding-you're the winner.

Wow, it would be cool to have a Bloomberg terminal.