Easy Trade Is Over

The easy trade on the upside is over. It was likely that we would get a bounce back from the deep oversold levels and we have now done that. The new month should keep the downside contained through Monday.

2 comments:

Anonymous said...

They said 1.7% of the 3.5% GDP growth in the last quarter was related to auto sales, helped by the cash for clunkers program.

They figure that the people for where going to buy this next quarter already did. Meaning next quarters GDP probably won't be as good, may even start contracting again...back into recession??

Anonymous said...

Yeah, and the numbers they just released are provisional and likely to be revised downward later, when no one is looking.