Real GDP for the Fourth Quarter Revised Up, GDI Jumps
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The BEA revised fourth-quarter GDP from +3.2 Percent to +3.4 percent. Real
GDI was a whopping +4.8 percent but discrepancies remain and charts tell a
bette...
2012-01-27
Euro breaks out, shorts sell the rally
I expected to see some short covering, but speculators have increased their positions against the euro. The news has been consistently negative during the euro rally, but speculators are staying pat (or were as of Tuesday, but had they covered in large numbers the rally would have been intense). The market is headed into very volatile territory.
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