US 2Q GDP INSANITY

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Uploaded by on Aug 28, 2008

The market rallied today like the bulls were on cocaine! The revised GDP Leaped stocks into areas not seen over the last 3 or 4 months. Dollar rallies mightily against major currencies. Japan has a good slew of economic news as well. http://manoftruth.org/gold-forex-trading/

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Uploader Comments (worldwideexchanges)

  • if you are a technical trader, why in the world would you short the us dollar?

  • I'm not currently short the dollar. However I do enter both sides of the trade sometimes 5 or 6 times during a session. Fundamentally I am waiting for the technicals to turn on the dollar as the rally has been quite overbought on the USD side. The fastest move I've seen in any currency in 2 months is this Dollar rally!

  • I'm on board with you guys for the most part, excuse my igorance, but why is the dollar at a 2 year high against the pound? Is this just more volatility or what.  Oil way down, relatively speaking. Isn't that the opposite of a weak dollar? Thanx for any input.

  • Hey its not ignorance you speak of; its pure astonishment that the dollar can be at any kind of high with the shit goin on in the US. Thanks for crackin with us. peace, wwe

  • I suspect the stock market will crash this fall between september and november. It's being manipulated big time! The reality of the fake economic statistics will be revealed. Main street will crash Wall street.

  • I like your call man.

Top Comments

  • GDP had a 1% inflation rate, the lowest in over 10 years. The entire number is crap.

    thx for the post

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  • lol thats funny bro. hit me up and we'll do lunch

  • And what about the 8 trillion dollar national debt ???

  • hey wwe is ur dad mot gonna have an update soon? lol

  • Ya ridiculous. Let's make some cash the 2nd half of the year shorting USD and going long CHF!

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