[stockstradr]

Sure. Except for one problem: the facts.

Effective tax rates (meaning actual taxes paid) for the richest Americans AND effective tax rates for the companies they manage are some of the LOWEST tax rates ever paid by those groups in the entire history of our nation. Even the Wall Street Journal has written articles acknowledging in particular how low corporate tax rates are.

Those are the facts.

Buffet (an honest and honorable man) was interviewed by Charlie Rose this week. Buffet stated the above fact, and even though it was to his DISadvantage to acknowlege it on national TV, he had the courage to say (paraphrasing),

“I pay and my company pays a much lower tax rate than my secretary, or the average lower middle class American. Something is deeply wrong with THAT.”

This is one of many reasons Buffet is so well respected. He has the guts and integrity to admit on national TV that rich Americans and our corporations are paying taxes at rates that are TOO LOW.

[stockstradr]

Sure. Except for one problem: the facts.

Effective tax rates (meaning actual taxes paid) for the richest Americans AND effective tax rates for the companies they manage are some of the LOWEST tax rates ever paid by those groups in the entire history of our nation. Even the Wall Street Journal has written articles acknowledging in particular how low corporate tax rates are.

Those are the facts.

Buffet (an honest and honorable man) was interviewed by Charlie Rose this week. Buffet stated the above fact, and even though it was to his DISadvantage to acknowlege it on national TV, he had the courage to say (paraphrasing),

“I pay and my company pays a much lower tax rate than my secretary, or the average lower middle class American. Something is deeply wrong with THAT.”

This is one of many reasons Buffet is so well respected. He has the guts and integrity to admit on national TV that rich Americans and our corporations are paying taxes at rates that are TOO LOW.

[stockstradr]

Sure. Except for one problem: the facts.

Effective tax rates (meaning actual taxes paid) for the richest Americans AND effective tax rates for the companies they manage are some of the LOWEST tax rates ever paid by those groups in the entire history of our nation. Even the Wall Street Journal has written articles acknowledging in particular how low corporate tax rates are.

Those are the facts.

Buffet (an honest and honorable man) was interviewed by Charlie Rose this week. Buffet stated the above fact, and even though it was to his DISadvantage to acknowlege it on national TV, he had the courage to say (paraphrasing),

“I pay and my company pays a much lower tax rate than my secretary, or the average lower middle class American. Something is deeply wrong with THAT.”

This is one of many reasons Buffet is so well respected. He has the guts and integrity to admit on national TV that rich Americans and our corporations are paying taxes at rates that are TOO LOW.

[stockstradr]

Here’s a question you gotta ask yourself:

What MAJOR players are conspiring to pull gold prices DOWN, dropping prices $60/ounce even against the documented increased demand – seen both in the run on physical gold orders AND also the gold ETF is reporting far more inflows than outflows????

Must be some big players (foreign reserve banks) dumping physical gold. Only other element I’m aware of is India’s demand said to have dropped off 70% in last few months.

[stockstradr]

Here’s a question you gotta ask yourself:

What MAJOR players are conspiring to pull gold prices DOWN, dropping prices $60/ounce even against the documented increased demand – seen both in the run on physical gold orders AND also the gold ETF is reporting far more inflows than outflows????

Must be some big players (foreign reserve banks) dumping physical gold. Only other element I’m aware of is India’s demand said to have dropped off 70% in last few months.

[stockstradr]

Here’s a question you gotta ask yourself:

What MAJOR players are conspiring to pull gold prices DOWN, dropping prices $60/ounce even against the documented increased demand – seen both in the run on physical gold orders AND also the gold ETF is reporting far more inflows than outflows????

Must be some big players (foreign reserve banks) dumping physical gold. Only other element I’m aware of is India’s demand said to have dropped off 70% in last few months.

[stockstradr]

Here’s a question you gotta ask yourself:

What MAJOR players are conspiring to pull gold prices DOWN, dropping prices $60/ounce even against the documented increased demand – seen both in the run on physical gold orders AND also the gold ETF is reporting far more inflows than outflows????

Must be some big players (foreign reserve banks) dumping physical gold. Only other element I’m aware of is India’s demand said to have dropped off 70% in last few months.

[stockstradr]

Here’s a question you gotta ask yourself:

What MAJOR players are conspiring to pull gold prices DOWN, dropping prices $60/ounce even against the documented increased demand – seen both in the run on physical gold orders AND also the gold ETF is reporting far more inflows than outflows????

Must be some big players (foreign reserve banks) dumping physical gold. Only other element I’m aware of is India’s demand said to have dropped off 70% in last few months.

[stockstradr]

I shouldn’t play with fire (day trade speculate on the up side in a nasty bear market).

Serves me right. i need to focus on capital preservation and hold onto my gains.

I estimate i gave up 3% to 4% of my portfolio in the last 24 hours with this foolishness.

At least, Thank God, I cut my gold exposure down at $900/ounce. I see gold is now at $833, having a fairly flat day.

So do I dump my long (2X on S&P500 and NASDAQ) positions that have cost me 4% losses in 24 hours, or do I hold out for a rally off the Fed rate cut?

Time to admit my mistake and run for cover. The fed rate cut (like passage of this bail out) is probably ALSO already priced into this market.

I need to stick with the fundamentals, stick with the sure bets: such as S&P500 dropping to 1000 within twelve months as the recession shows us how nasty it will be.

[stockstradr]

I shouldn’t play with fire (day trade speculate on the up side in a nasty bear market).

Serves me right. i need to focus on capital preservation and hold onto my gains.

I estimate i gave up 3% to 4% of my portfolio in the last 24 hours with this foolishness.

At least, Thank God, I cut my gold exposure down at $900/ounce. I see gold is now at $833, having a fairly flat day.

So do I dump my long (2X on S&P500 and NASDAQ) positions that have cost me 4% losses in 24 hours, or do I hold out for a rally off the Fed rate cut?

Time to admit my mistake and run for cover. The fed rate cut (like passage of this bail out) is probably ALSO already priced into this market.

I need to stick with the fundamentals, stick with the sure bets: such as S&P500 dropping to 1000 within twelve months as the recession shows us how nasty it will be.

[stockstradr]

I shouldn’t play with fire (day trade speculate on the up side in a nasty bear market).

Serves me right. i need to focus on capital preservation and hold onto my gains.

I estimate i gave up 3% to 4% of my portfolio in the last 24 hours with this foolishness.

At least, Thank God, I cut my gold exposure down at $900/ounce. I see gold is now at $833, having a fairly flat day.

So do I dump my long (2X on S&P500 and NASDAQ) positions that have cost me 4% losses in 24 hours, or do I hold out for a rally off the Fed rate cut?

Time to admit my mistake and run for cover. The fed rate cut (like passage of this bail out) is probably ALSO already priced into this market.

I need to stick with the fundamentals, stick with the sure bets: such as S&P500 dropping to 1000 within twelve months as the recession shows us how nasty it will be.

[stockstradr]

I shouldn’t play with fire (day trade speculate on the up side in a nasty bear market).

Serves me right. i need to focus on capital preservation and hold onto my gains.

I estimate i gave up 3% to 4% of my portfolio in the last 24 hours with this foolishness.

At least, Thank God, I cut my gold exposure down at $900/ounce. I see gold is now at $833, having a fairly flat day.

So do I dump my long (2X on S&P500 and NASDAQ) positions that have cost me 4% losses in 24 hours, or do I hold out for a rally off the Fed rate cut?

Time to admit my mistake and run for cover. The fed rate cut (like passage of this bail out) is probably ALSO already priced into this market.

I need to stick with the fundamentals, stick with the sure bets: such as S&P500 dropping to 1000 within twelve months as the recession shows us how nasty it will be.

[stockstradr]

I shouldn’t play with fire (day trade speculate on the up side in a nasty bear market).

Serves me right. i need to focus on capital preservation and hold onto my gains.

I estimate i gave up 3% to 4% of my portfolio in the last 24 hours with this foolishness.

At least, Thank God, I cut my gold exposure down at $900/ounce. I see gold is now at $833, having a fairly flat day.

So do I dump my long (2X on S&P500 and NASDAQ) positions that have cost me 4% losses in 24 hours, or do I hold out for a rally off the Fed rate cut?

Time to admit my mistake and run for cover. The fed rate cut (like passage of this bail out) is probably ALSO already priced into this market.

I need to stick with the fundamentals, stick with the sure bets: such as S&P500 dropping to 1000 within twelve months as the recession shows us how nasty it will be.

[stockstradr]

Starting to look like that the PASSING of the bail out (+pork) package was already priced into the stock markets.

[stockstradr]

Starting to look like that the PASSING of the bail out (+pork) package was already priced into the stock markets.

[Author]

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