*notice that large GAP up, that means the market maker raised the price artificially. This rally has been nothing but HFT and program trading, no substance. That means that when it crashes, you will not know what HIT you on the way down. GET OUT now why your losses are still low. Remember: The DOW was at 10,000 in January, then in less than THREE (3) months, it dropped to 6500.
from Alpha Trends
You need to STOP chasing this market and stay in CASH.
BEA Economic numbers:The much smaller decrease in real GDP in the second quarter than in the first primarily reflected much smaller decreases in nonresidential fixed investment, in exports, and in private inventory investment, upturns in federal government spending and in state and local government spending, and a smaller decrease in residential fixed investment that were partly offset by a much smaller decrease in imports and a downturn in PCE.
Real personal consumption expenditures decreased 1.2% second quarter, in contrast to an increase of 0.6 percent in the first.
*so the federal government is SPENDING (big surprise) which is keeping the numbers lower than they really are, but the numbers are worse than pundits who have proclaimed The Recession is Over!
from CalculatedRisk: This is the fourth consecutive quarterly decline in GDP; the first time that has happened since the government started keeping quarterly records in 1947.
Go here if you want to read the full report.