The top three issues in the upcoming 2012 election are jobs, jobs and jobs. President Obama would be fighting against strong historical precedent trying to win reelection with unemployment staying above 9%. Over the last several months, unemployment has stubbornly refused to budge down. At 8:30 EST this
It appears that a big European bank got close to failure last night. European banks, especially French banks, rely heavily on funding in the wholesale money markets. It appears that a major bank was having difficulty funding its immediate liquidity needs. The cavalry was called in and has
We are initiating a stop on the entire PowerShares QQQ (QQQ) postion at $53.17.
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
Taking profits on PowerShares QQQ (QQQ) right here at $54.52 on all but a 10% tranche.
Taking profits on a 10% tranche of PowerShares QQQ (QQQ) right here at $54.62.