Despite the fact that the USD is undergoing some serious devaluation and the DJIA is also having some serious issues there is some temporary relief in sight. As GM began to sell its 478 million shares it was thought that $30.00 was optimistic and now the price has climbed to $33.00. This is a huge turnaround for GM who was more or less in bankruptcy just six years ago. This remarkable IPO is the second largest ever and as GM’s stock continues to gain strength the DJIA will recover some of its losses. This will of course have a positive corollary effect on the USD as well so traders on the forex currency exchange should certainly take note of this and stay alert. GM still has an awful lot of debt to pay back to the US government however it is on the right track and has posted...
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