September 9, 2011
Stop changed to $52.88… Please click here or the title below to read more.
Change the stop on PowerShares QQQ (QQQ) to $53.08.… Please click here or the title below to read more.
We are initiating a stop on the entire PowerShares QQQ (QQQ) postion at $53.17.… Please click here or the title below to read more.
Added a 20% tranche to QQQ at $53.13… Please click here or the title below to read more.
We are initiating a 5% tranche on Deutsche Bank (DB) at $31.39.
This is a very lon- term position.
Deutsche Bank is the largest German bank. Please see prior entry.
German stocks are being slaughtered on a report that Germany is taking steps to protect its banks against a Greek default.
BUY WHEN THERE IS BLOOD IN THE STREETS.
It is getting close in some European stocks.… Please click here or the title below to read more.
We are taking profits on the 5% tranche of GLD (GLD) from $185.05 right here at $179.73. We are still maintaining the rest of our GLD position. In this environment it is best to take profits often.… Please click here or the title below to read more.
Barack Obama in an attempt to reinvigorate his presidency and the economy has presented to the congress a jobs plan. The $450 billion price tag is larger-than-expected.
The plan proposes to reduce payroll tax paid by employees to 3.1% in 2012 from the 4.2% level temporarily introduced this year. As it stands now, without this plan, this tax would revert to its traditional rate of 6.2%.
The plan will also reduce the payroll tax paid by the employers from 6.2% to 3.1%, with a limit of the first $5m of wages. Further employers hiring new workers or increased salaries will be exempt from payroll taxes on the higher payroll.… Please click here or the title below to read more.