apppro’s Stock Room
A Twit’s Thread
Main Slogan: “It’s The Mentality Stupid”
A SHORT-term mentality does NOT build bridges.
A SHORT-term mentality does NOT create jobs.
A SHORT-term mentality does NOT create prosperity.
A SHORT-term mentality creates NOTHING, but uncertainty, fear, angst, and hate.
Main Principle: “It’s NOT how much you make, BUT rather how LONG it took you to make it!”
STOP the INSANITY NOW! - #StIN
Revised Capital Gains Tax:
1. Capital gains 10> years*_________5%
2. Capital gains 5 to 10 years* **_________10%
3. Capital gains 2 to 5 years*____________15%
4. Capital gains 1 to 2 years*____________35%
5. Capital gains 6 to 12 months__________45%
6. Capital gains under <6 months___55%
7. Windfall capital gains tax ____________65% on ALL SHORT SALES not directly tied to a long buy by a regulated hedge fund.
*Quasi Buffett Rule > Anyone whose main source of ‘income’ (retired persons excluded) that comes directly from capital gains, should be taxed at never less than the 1>2 year 35% rate—no matter what the cg term length.
** Dividends are taxed at this level—10%.
Main Saying: Don’t blame the Fed… it’s not their fault we allowed a few SHORT-term traders/traitors to use QE $’s to CREATE ‘put spreads’ INSTEAD of CREATING JOBS!
The 7 Golden Rules –
1. Immediately, reinstate the Up-Tick Rule.
2. Crack down on naked short selling. Require stock certificate #'s when a short sale needs to be covered, including ETF’s.
a. Stop the shorting of ALL ETF’s. This is just legalized naked shorting—makes no sense.
3. Institute some rules on how the media ’reports’ news in order to prevent rumor-boarding. Not censorship… just sensibility & responsibility.
4. Have ALL ETF’s trade on a 20-minute delayed basis. Get these instruments of mass destruction back to what they were supposed to do: mimic mutual funds. NO pre or aftermarket trading.
a. Allow companies to OPT OUT of any ETF. There is no reason why the issues of 1 company in an ETF should destroy all the other companies in that ETF!
5. End the insanity of high frequency trading #HFT. PULL THE PLUG NOW ON HFT! Note: Market maker algo’s are not the issue. The ABUSIVE algo’s written and run by hedge funds need to end—PERIOD!
a. ALLOW company BUYBACKS during entire trading day. IF we’re going to allow abusive #HFT algo’s to run at open & close then at least allow companies to FIGHT BACK!
b. ALL #HFT should be suspended 20 minutes after open and before close.
6. Do something – ANYTHING – to reign in the insanity and out of control gambling of the options markets. (Note: My StIN 55% Cap Gains tax UNDER 6 months would solve this!)
7. STOCK BUYBACKS: NO “blackout periods” for companies to buy back stock during earnings season or any other time. IF ANALysts can downgrade before earnings and shorts can abuse #HFT algo’s, then companies should be allowed to fight back!
Lehman’s Principle: The confidence destruction of an entire entity based on SHORT-term re-evaluation of LONG-term holdings due to unrestricted RUMORmongering and GANG-shorting! Basically, taking a 30-YEAR something and basing it on a 30-SECOND whatever! End Mark-To-Market M2M!
In the 2018 election vote for:
Truly the MOST disgraceful BUT truthful quote of not only 2012 but the last 10 years!
The Most DISGRACEFUL quote of 2012, so far!
The BEST quote of 2011
The Most DISGRACEFUL quote of 2011
The 2nd Most DISGRACEFUL quote of 2011
The Stock Room blog go to start
apppro’s take for 11/04/2017 08:30 am EST
Throwing #SALT On The Wound
My accountant is still trying to figure out the entire Tax Package, BUT as a SENIOR basically living on DIVIDENDS in NYC he is saying – I definitely will be paying MORE TAXES. Without getting into too much personal info, Middle Class SENIORS in NY CA IL NJ (and many other States too) living on a fixed income of DIVIDENDS, Social Security, and pension $ are really getting a total screw over by this Tax Bill. Prez calls it the “Cut Cut Cut Tax Bill”; well I call it “Screw Over Middle Class Seniors Tax Bill”.
BUT WHY DOES IT HAVE TO BE THIS WAY?? It really doesn’t, except for the fact the rich ARE GETTING A TAX CUT, but not the way most think. Does anyone remember how many times Warren Buffett went on TV to say he pays LESS Tax % than his secretary because of “carried interest”? Well everyone – carried interest does NOT go away! And to add further salt on this wound, the new tax bill allows a 25% tax rate thru “Pass Thru”. While a great idea for SMALL businesses – what is happening is many ULTRA RICH are going to file for it instead of paying their 35% to 39% rate. This will get even so bad that a NY Times reporter Friday on CNBC said he was even going to file for Pass Thru… and was laughing his ass off as he said it.
What the hell is wrong with DC?? They need revenue to help give a REAL tax cut to the Middle Class and help SENIORS in many States – then JUST GET THE 1% RICH TO PAY WHAT THEY WERE SUPPOSED TO BE PAYING FOR DECADES and NOT give them the ability to PAY LESS. When they say this is a tax cut for the rich – they are just dead wrong… the ultra 1% rich ALREADY HAS THE TAX CUT!
New York City is my home. I get that many don’t want to subsidize other State’s spending. I don’t either; so instead of hurting all the people that really need the help – make tax reform that actually gets the people to PAY THEIR FAIR SHARE as they should have been doing for decades.
<<<< Just LOOK to the left at the Quasi Buffett Rule
It’s been a while hasn’t it!
apppro’s take for 06/24/2017 08:30 am EST
You can blame the Russia/Trump stupidity all day long on the Dimm’s BUT when it comes down to it – The Graham, McCain, Rubio, & Grassley’s of the world are far more insidious.
Think about it: What IF as POTUS tried to say in his campaign – had actually made friends (keep your enemies closer) with Putin and we had a TRUE END to all the New Cold War / Obama hate crap?? What if Russia & U.S. were cooperating on solving the world’s needs and conflicts? Hey that’s what Trump had wanted, but now he can’t go there.
And then let’s ask again WHY? Answer is somewhat simple (Occam's razor: Suppose there exist two explanations for an occurrence. In this case, the simpler one is usually better.): The UltRight has too much secret crap invested in the hate of Russia, that they could NEVER allow Trump to expose it.
So let’s get to the real reason Russia has become the focal evil point: WE, the U.S.A. backed and actively caused the #KievCoup that led to Putin taking back Crimea! WE blame Putin for this, BUT really it was ALL Obama with the UltRight’s blessings; and we have NO one to blame but OURSELVES!
Obama’s Deep State & the UltRight can NEVER allow this to come to light! NEVER!
THINK ABOUT IT!
Look Who’s Getting That Bank Settlement Cash
By ANDY KOENIG
Aug. 28, 2016 5:53 p.m. ET
apppro’s take for 06/04/2016 03:30 pm EST
Normalize – Shoulda… Woulda… Coulda – Still Can!
OK those were some crappy job’s #’s on Friday. Even the prior ADP #’s showed a reasonable amount of jobs created. Something has got to be wrong with those government #’s and many pundits out there won’t argue that point at all!
Anyway, it’s been 8 years now of this really low interest rate “Emergency Rate” policy from our Federal Reserve; and well… ENOUGH ALREADY! Fine it worked for a while in the beginning, but as I wrote over 5 years ago “You can lead a horse to water, but you can’t make him take out a loan to get it.” All this monetary manipulation has done is to get other countries to do the same and several to go to the ultimate stupidity with negative interest rates. That will end VERY badly!
So we had 1 month of bad “government #’s” job growth. Did anyone look at wage growth or even that those same crappy #’s showed a 4.7% unemployment rate? Not shabby on either account. OK, things aren’t rip roaring ahead, but honestly all that rip roaring ahead does is create bubbles that eventually pop driving us all in the eventual circle of volatility insanity. Slow and steady really isn’t that bad you know. Want to create a little ‘animal spirits’, fine stop all the gambling on Wall St and let’s all get back to investing for LONG-term growth and prosperity. You know my tax plan fixes that, but slow and steady doesn’t make for good TV or get you ad up-front dollars.
What the Fed needs to do is get interest rates back to a normal level. Higher rates will cause a little more inflation and that’s what we all want anyway. But this will ONLY work if we get longer rates to go up too, and right now we have a group of hedgies that will fight tooth and nail to stop that from happening. TFB on them is what I say!
So what to do? Really not all that difficult.
Firstly, the Fed needs to get their overnight borrowing rate up to around 2% by the end of 2017. 2 increases this year and 3 to 4 next year will get it close enough. Slow and steady! Great but you ask what about the long rates? Here is the kicker – the Fed lost control of those in 2013 and NOW it needs to actively fix it, and again the solution is simple> Reverse Twist! The Fed every quarter should sell around $30 billion of those 10-20-30 year Treasury’s they have piled up (and right now they would make a huge profit on them) and BUY $50 billion of 1-2-3 years. This gets those longer rates up and adds liquidity to the markets at the same time they slowly raises rates. Easy Peazy!
This “Search for Armageddon” and nano second trading promoted by the media needs to end. “The good of the many, DOES outweigh the good of Jeffry Gundlach.” And oh, tell those “contributors” on CNBC to keep their fat mouths shut about the U.S. going to a 1%-1.5% 10 year! That crapolla just makes things worse! Stop kicking that box the cat is in and it just may come out alive!
apppro’s take for 05/23/2016 11:30 am EST
“The Gilded Age” OR was it really “Back to the Future” for TODAY’S 1%ers?
(Continued from page 2)