United Bankshares Short Squeeze & Misc. | PowerOptions Web Log
GDP… The U.S. GDP (Gross Domestic Product) was announced as 5.7% for the fourth quarter of 2009 and the stock market immediately celebrated the good news by jumping up and then back down. A GDP of 5.7% sounds real good, but in reality, the increase in the GDP was more a result of an inventory build-up, than the economy taking off. A more realistic GDP is probably around 2% which is OK, but no reason for high-fives. Stock Market… The stock market has been in a real foul mood lately, which is what we’ve been expecting for a couple of months and why we’ve been posting collar positions to PowerOptionsApplied‘s Palladium TradeFolioTM. So far the indexes have remained above their previous support levels and as long as this is the case, it would be expected to see the market recover over the next couple of weeks. But, if the previous...
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