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apppro’s take for 07/27/2010 @07:30 pm EST:

                Please listen to what Jim Meyer of Tower Bridge Advisors has to say on:

“It’s The Mentality Stupid”

 Stocks Ready to Breakout?

Tues. Jul. 27 2010 | 11:00 AM

 

Confidence is a terrible thing to waste!

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apppro’s take for 07/24/2010 @09:30 am EST:

                OMG! Please say it ain’t so! There appears to be some talk that Obama may suggest that horrid Elizabeth Warren to head up that horrid new ‘Consumer Protection’ agency that the horrid FinReg has declared that we all need. Damn it people – just read the blasted agreement before you sign it!

                You can do your own searches, but any person that would happily appear in a Michael Moore movie as an advocate for his garbage… well that person needs to be silenced and not promoted.

You can also check out some of her other BFF’s (Just wants to make you vomit, doesn’t it?):

Only thing that makes me feel somewhat better is that video... no way that Timmy boy would ever work with that biosch!

                Please, the fragmentation and angst of the past 2 years has GOT to stop! This horrid person will do nothing but create more! Not to mention the further destruction of our financial system!

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apppro’s take for 07/21/2010 @05:30 pm EST:

 

                I have to ask again, “What have we learned?”

                Back in 1996 our former Fed chairman Alan Greenspan uttered the now infamous 2 words, “irrational exuberance” and the stock market tanked. Billions of dollars of wealth was lost. Today our current Fed chairman Ben Bernanke uttered another 2 words, “unusually uncertain” when he was talking about our economy. Please note that he reiterated his moderate growth views and that this uncertainty was not really anything new. The market tanked!

                Well, I have 2 words for both of them!

                So, what have we learned? If we are going to allow a few short-term traders/traitors to constantly create angst and uncertainty over truly nothing… then obviously we truly have learned absolutely nothing!

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apppro’s take for 07/17/2010 @08:30 am EST:

 

                A long while back in reference to the causes of our collective crisis I asked, “What have we learned?” Well, this week I got my answer, “We’ve learned !%?!!”

                The 260 point plunge yesterday was the final proof that short-term traders/traitors are in control of our collective existence, but more importantly it was made horribly obvious that everyone is still totally clueless to it.

Some pundits screamed that FinReg passage would give certainty to the markets, but the nega-pundits screamed louder that it wouldn’t!

Some pundits screamed that the fantastic news that the BP blowout has stopped, but the nega-pundits screamed louder that the damage has already been done and actually the oil is now leaking into the seabed!

Some pundits screamed that unemployment was getting better sighting the 29,000 decrease in jobless claims on Thursday, but the nega-pundits screamed louder that it was a factory fluke in the auto industry!

Some pundits screamed that earnings were coming out very good, but the nega-pundits screamed louder that they weren’t good enough!

And most telling of all:

Some pundits finally screamed that it was all about the loss of confidence from all the bashing and rumor-boarding; but then these bobble-head, media pundits joined the nega-pundits at screaming even louder... that it wasn’t their fault!

Damn, even the almighty Apple couldn’t escape the nega-pundits’ crapolla this week!

                Over and over and over again, our entire Nation is held hostage to whichever so-called media inspired pundits can scream the loudest! Short-term traders/traitors lead by their hero short hedge funds, then further feed off of this negativity and anxiety; all the while further undermining everyone's confidence and willingness to build, invest, spend money, and so on and so on! Hey does that you make you feel good – not me!

                Then we have certain politicians coming out the other day saying “WE” killed the well! “WE” stopped the leak! “WE” are working on more solutions! Yeah, before they left for Bar Harbor, Maine (notice they didn’t go to the Gulf) on vacation, they were working on AutoDesk designing that new containment dome!

                People… people… people! We need to address “It’s the Mentality Stupid” and not just continue to stroke our own ‘Generation Me’ egos.

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apppro’s take for 07/10/2010 @05:00 pm EST:

 

 

                My past comments have centered on specific issues, but when it comes down to it – it’s really all about the short-term trader/traitor mentality and our glorification of these traders/traitors, along with the short sellers that always accompany them. Just look over these posts for a natural gas ETF (UNG) on Yahoo. These types of compulsive short-term trades really encompass our entire financial markets and are in many respects, the root cause of the recent mess. No one, but a compulsive gambler can find anything beneficial with this kind of thinking:

 

Wolf Trade, More coins, more profits, right yet again

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_U/threadview?m=te&bn=51477&tid=156279&mid=156279&tof=9&frt=1#156279

                We need to end this short-term mentality and ‘The Shorting of America’ and to promote LONG-term investing, all at the same time. If anything, the market and emotional insanity of the past 3 months should prove just that!

Yet alone the past 2 years!

STOP THE INSANITY NOW!

Revised Tax Rules:

1. Capital gains 5+ years - 5% tax on capital gains

2. Capital gains 2 > 5 years - 18% 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.

 

The 4(5) Golden Rules

(Continued on page 2)

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