Johnny-come-latelies in Apple (AAPL) stock may be setting themselves up to get their pockets picked by professionals. Unless one has been hiding under a rock, it has been impossible to hide from the constant bombardment of the same tired news that iPad 3 is coming. Professionals and individual investors play the much
The key to generating wealth over a long period of time is to identify when one macro cycle ends and a new macro cycle begins. In economics, a macro cycle is defined as a cycle of big picture economic performance, structure, and behavior. No bell is rung at the end
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