Between Draghi's disappointment, Kuroda's un-dovishness, China's currency war, and flailing faith in The Fed (as policy errors loom), it appears European stocks were not the "no brainer" investment everyone promised them to be after all. December's 5% plunge was the worst for this time of year since 2002 (2nd worst on record).
Looks like we are going to need more QE or this ship is going down.