Commentators and economists who keep referring to the 'economic recovery' and to the GFC in the past tense - will be proven wrong. Unfortunately the charts indicate GFC 2 will be worse ~ Tues June 14, 2011 - 12:55 pm UTC
Just went long some TNA at $67.00 for a bounce since the markets havent sold off so many days in a row since October 2008 and as soon as I bought the market went straight to intraday lows!!! Go figure. I guess if the SPX breaks 1200 in the next few days its because I was long TNA @ $67.00.
Noticed the pattern over the last 8 months that every single time TNA has come down to this level, which is about 5-6 times 100% of the time it is has jumped at least 10% in the days after, lets see if the trend has been broken, maybe this time its straight down to new lows
EUR/USD is rising in the market and has a better way in our economy. You need should have a long term indicators to and from time to time see the exchange rates of different currencies.