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apppro’s take for 12/13/2014 09:00 am EST
And so it begins! “Oilacus”
By Robert Tuttle and Lynn Doan Dec 12, 2014 5:32 PM ET
This is the result of the speculator and hedge fund manipulated collapse in oil. YES, don't blame OPEC anymore for this oil crash disgrace. Now we get LOST JOBS and LOST INVESTMENT from that stupid supposed oil "Tax Cut"!
“Tax Cut”? Yes you morons, you don't pay taxes on NO WAGES!
Let’s wake up people! There is no way that a few extra dollars in the consumers’ pockets, so they can go out and buy a few more Slurpee’s & Slim Jims at checkout; will ever compensate for the LOST oil investments - Oil News: $150 Billion in Oil Projects are at Risk Due to Plunging Oil Prices - and subsequent lost jobs AND lost tax revenues! This so-called “Tax Cut” is just a SHORT term illusion and the LONG term NEGATIVE effects of this “Fast & Furious” speculator/hedge fund oil crash “Oilacus” will be felt for years, if not decades to follow.
AND let’s also wake up people to the reality that most if not all of the last $20 decline in WTI prices is NOT OPEC, but speculators and hedge funds right here in the United States. “Domestic Terrorism” at its worst! OK, maybe Saudi Arabia got pissed that Russia and few others wouldn’t help cut back on production, and who can blame them! Why should the Saudi’s be the ONLY ones to lose money? EVERYONE should have just come to a modest agreement and we wouldn’t have been at this point. BUT make no mistake about it, any decline after $75 in WTI has NOTHING to do with Saudi’s BUT everything to do with our broken #rigged markets! What we have done is just replace the 2008 short seller housing schemes of 2008 like Abacus with "Oilacus" schemes fermented by people like Dennis Gartman! Last time I looked he wasn’t a Saudi! (Maybe a traitor & terrorist, but not a foreign one.)
What makes this entire matter worse is that U.S. producers are NOT allowed to coordinate or even talk to each other, so as they might establish a reasonable output level that would make sense for everyone. Instead we have a ‘free for all’ and in this New World – well that just won’t work. Price limits MUST be set so that production and exploration at a profit can proceed at a stable and LONG term rate, while the consumer can also benefit from ‘Energy Independence’ and LONG term sustainable and reasonable prices! Do I hear $75 to $85 on WTI??? Let’s face it people, that since the 2009 crash the country has been coming back from a severe confidence driven recession because of consistent WTI oil at $100+, NOT in spite of! Also, try to remember that the ONLY people who are benefiting from this “Oilacus” are the same SHORTS who benefited by the 2008 housing & mortgage crash! SHAMEFUL!
We all should be ashamed of ourselves, but our regulators and politicians are too friggen busy trying to figure out ways to blow up our banking system and not ways to maintain LONG term growth & prosperity
apppro’s take for 12/12/2014 09:00 am EST
Oil is NOW a matter of NATIONAL SECURITY
NOW we get the reverse of that disgraceful August 5th bet
Options Action: Huge BULLISH bet on XOP Thu, 11 Dec '14 | 5:45 PM ET
This has ALL now has become an issue of National Security and jobs! This manipulated oil crash ONLY makes OPEC stronger and U.S. producers weaker. BUT don’t blame OPEC or even Russia, because morons like Jim Cramer keeps pushing short sellers and hedge funds supply & demand BS! Like many other issues – Cramer and CNBC cause more problems than the issues themselves.
Congress should have hearings on this garbage!
apppro’s take for 11/02/2014 08:00 am EST
Nobody is this Smart or even this Lucky!
Tuesday, 5 Aug 2014 | 5:55 PM ET
A bearish bet on oil and gas, with CNBC contributor Dan Nathan.
Oh, please – no way anyone can get the above “bet” SO RIGHT!
I Tweeted this way back when it 1st happened! Where the hell is the SEC?
apppro’s take for 10/10/2014 05:00 pm EST
Even Capt. Kirk has had enough with the FEAR-MONGERING by media!
Capt. Kirk: Bored with boardroom battles Fri, 10 Oct '14 | 4:47 PM ET
Of everything that he said in this interview the MAIN thing is what he says at the beginning, and I paraphrase a little:
“You’re scaring the crap out of the public and you should stop it. Things are not bad! You, the media is causing most if not all this angst in the markets & the economy!”
apppro’s take for 09/26/2014 09:00 am EST
Et tu Brutus?
These FLUSHES keep occurring because stupid FinReg forced regualtors to take BIG BANKS out of the markets and left us all to the whims of hedge funds! UGH! UGH! UGH!
apppro’s take for 08/31/2014 09:00 am EST
Damn it! This is NOT Healthy!
My Portfolio YTD
I am sick & tired of the media and so called financial experts who keep saying that periodic 1 to 3 day HFT micro crashes are “healthy” for the markets, or “needed” so the market can move higher. BULLSHIT! I find nothing healthy, no rather sickening for these periodic crashes. And WHY, why do we need them? WE DON’T! These sell offs are there ONLY because a few hedgies need their shorts covered or a few have been sitting in cash waiting for a cheaper price. You may notice in those charts that the ’length’ in days of the micro crashes are VERY close to the ’length’ in months it takes to
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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 Tax Rules:
1. Capital gains 5+ years* - 5% tax on capital gains
2. Capital gains 2 > 5 years* ** - 15% tax on capital gain
3. Capital gains 1 > 2 years* - 35% tax on capital gains
4. Capital gains 6 > 12 months - 45% tax on capital gains
5. Capital gains under <6 months - 55% tax on capital gains
6. Most critical of all — Institute a capital gains tax of 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—15%.
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!
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 GANGshorting! Basically, taking a 30-YEAR something and basing it on a 30-SECOND whatever! End Mark-To-Market M2M!
The 6 Golden Rules – Updated 06/01/13
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.
5. End the insanity of high frequency trading #HFT. PULL THE PLUG NOW ON HFT!
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!)
“EXPORT THE CRAP OUT OF NATURAL GAS!” - Tax Plan—Revised 12/05/2014
Þ Institute a 1% EXPORT TAX to be paid by the buyer at the point of export & collected by U.S. Customs.
· Apply 70% DIRECTLY to a “Infrastructure Trust Fund”.
· Apply 30% to fund “Toxic Superfund Sites Cleanup”.
· So that NG prices never go crazy, have that tax increase the higher NG gets. For example, if NG gets to $5.50 the tax increase to 5%, $7.50 the tax becomes 10%, ETC. Therefore the buyers wont’ want it and the prices will be held in check.
· Allow PRODUCERS to sell directly to foreign buyers and cut out extra margins & increased volatility caused by speculators and hedge funds.
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
In the 2012 elections vote for:
NONE OF THE ABOVE Too late now I guess!