August 9, 2011
We are exiting a 10% tranche, ( from last night’s buy at $49.64), at $51.97
Exited this morning’s tranche of PowerShares QQQ (QQQ) at $52.52.
Added a 20% tranche to PowerShares QQQ (QQQ) at $52.22.
….Correct Information About The Law Here is what the law is: While S&P cut the long-term rating, it reaffirmed the short-term rating for the US at the top A-1+ level. This means money market funds will not be forced to sell US Treasuries. Most banks in the United States are
Standard & Poor’s (S&P) has just downgraded U.S. credit rating to AA+ from AAA. S&P analysis can be found here. THis dongrade presents investment opportunities in SLV, GLD, TBT, TBF, TLT, SPY and QQQ. S&P Analysis Here is an overview of the analysis by S&P: We have lowered our long-term