Irrational Exuberance

Irrational Exubarence....Was the phrase used by Greenspan to describe the frothy nature of markets. Ever since the NFP data came out on fri, markets have been on an absolute tear. $ is getting absoluetely battered acrosss the globe and Oil has breached $72. Guess the G20 meeting over the weekend has helped place the rocket up this markets backside. Looks like my prediction of Sept 9-13 as the turning point of this market could be off by a few days.

Trading Ideas

Been a while since I have posted, been in the trenches trading my way to a bigger and brighter future. Well today is the big day, we could see major price action driven by the advance US GDP figs. The million dollar question is risk driving price action in this market ( I personally think it is) or will traders play the econ textbook plays of GDP being +ve or -ve for the greenback...I personally have decided to play a strangle on EURUSD with a risk/reward ratio mainly to the upside. On a side not some major whipsaws in the crude oil market, traders not sure which way to play this hence the gyrations.