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The Stock Room page 22 |
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(Continued from page 21) STOP the INSANITY NOW! The 5 Golden Rules In the 2012 elections vote for: _______________________________________ apppro’s take for 12/13/11 @06:00 pm EST Pull the Plug on SkyNet NOW! When you listen to the frustration and anger in this person’s voice, you may start to appreciate the insanity that those HFT traders/traitors are causing to us ALL! Violent swings like this are NOT man made!
The anger of this trader/traitor is all the more relevant, because people like this is one of the main reasons we’re in this mess in the 1st place!
If the SEC doesn’t want to reinstate the uptick rule that helped control the volatility for over 70 years, or they don’t want to crack down on naked short selling, or they don’t even want to put some controls on all those ultra ETF’s… then fine, just TAX THE CRAP OUT OF ALL THIS SHORT-term TRADING and get those HFT nut cases to help pay for this mess! STOP the INSANITY NOW! The 5 Golden Rules In the 2012 elections vote for: _______________________________________ apppro’s take for 12/11/11 @09:00 am EST My 2012 Presidential Election Prediction – UGH! After 6 more months of bashing and blaming everything and everyone, and after 6 more months of hate mongering and class warfare... In June/July 2012 Obama is going to embrace Bowles-Simpson National Commission on Fiscal Responsibility and Reform, his OWN commission - something he has refused to do over the past year. With our economy still in the toilet, everyone is going to cheer his move to the center and his embracement of bipartisan compromise. Republicans are going to sit there with their jaws dropped and will lose not only the Presidential election, but will lose control of the House too! STOP THE INSANITY NOW! The 5 Golden Rules In the 2012 elections vote for: _______________________________________ apppro’s take for 12/10/11 @03:00 pm EST: Mad Tea Party Madness! Why in the world would the Mad Hatter Insider trading ban vote delayed – USATODAY.com Insider trading by Senate staffers and their bosses is a disgrace and should be stopped immediately. Why the heck is anyone even thinking about delaying this? You all know I hate both sides of the political aisle, hence my campaign to vote for in 2012: BUT why a Republican delayed this vote is a real mystery. The Mad Hatter should have gone right after Dickless Durbin and his debit card debacle by asking which staffer leaked info to which hedge fund to short Visa & MasterCard, NOT to postpone a vote to stop future stupidity!
_______________________________________ apppro’s take for 12/08/11 @02:00 pm EST: ONLY Cramer knows best?
When is someone going to put an end to this garbage? Listen to this interview by Michelle Caruso-Cabrera. The influential Italian banker clearly tells her that our Fed’s action the other day was NOT because a bank was about to fail.
But then we get that blowhard again this very morning saying that
In other words Mr. Saccomanni is either a liar or an idiot or both! Only Cramer knows anything about everything? And what is this supposed ‘work’ that he says he has done? Where can I read it, or does it even exist? Personally I rather listen to Michelle
_______________________________________ apppro’s take for 12/07/11 @06:00 pm EST: CNBS – “Manic Markets”
CNBC Trader Talk Blog - Pisani: Volatility: A Primer - US Business News - CNBC I have a better description of what this is, but it’s not as polite. What the heck do those narcissistic morons at CNBS see as good in this day-trading of volatility/fear/angst? How the heck does any of this insanity promote growth or the public good? How and why and what does CNBS see in glorifying all of this crapolla? Don’t make the mistake to think that any of this serves a financial purpose – IT DOESN’T! The same insanity that brought us subprime is being employed to manipulate and trade a totally subjective item – volatility. All these traders/traitors are doing is trading volatility ETF’s to create volatility so as to trade volatility ETF’s which in turn creates more volatility! Get the picture? These ETF’s no longer have a basis in reality (as if they ever really did), but are just SHORT-term vehicles for a few to turn a quick buck! This is not the 1st time I’ve called for this, it’s wrong, and it needs to stop! OR better yet as my STOP THE INSANITY NOW! tax plan advocates – TAX THE CRAP out of it! Hey Obama, you want to tax something—well here you go! STOP THE INSANITY NOW! The 5 Golden Rules In the 2012 elections vote for: _______________________________________ apppro’s take for 12/06/11 @11:00 am EST: CNBC Keywords and Washington Silliness! A 2fer! Even that blowhard Cramer now admits the abuse of CNBC and other media keywords by hedge funds!
We all need to get them to stop this day trading and SHORT-term mentality!
Insider Trading and Congress | C-SPAN Washington, DC Tuesday, December 6, 2011. The House Financial Services Committee holds a hearing on congressional insider trading.
Look, I really couldn’t care less about a few Senators or Congressmen or even their staffers making a few extra bucks using insider information to trade the markets. Small potatoes! What they really need to look into are the Senate staffers that SOLD or GAVE this insider info to hedge funds WHOSE TRADING WILL MAKE A DIFFERENCE! AGAIN as I asked OVER 1-year ago, has anyone yet asked which hedge funds profited from shorting Visa or MasterCard off of INSIDER INFO from the Dickless Durbin staffers, prior to FinReg becoming law?
“IT’S THE MENTALITY STUPID!” This SHORT-term mentality does NOT create jobs. This SHORT-term mentality does NOT create prosperity. This SHORT-term mentality does NOT build bridges. This SHORT-term mentality creates NOTHING, but fear and angst. STOP THE INSANITY NOW! 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. *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. The 5 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. Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales not directly tied to a long buy by a regulated hedge fund! 5. 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 after market trading. In the 2012 elections vote for: _______________________________________ apppro’s take for 12/01/11 @02:00 pm EST: This has the STENCH of Mistress Elizabeth ALL Over It!
First Major State Lawsuit Filed Over "Robo-Signing" - US Business News - CNBC
What is wrong with these people? After well over a year of this crap and all 50 State AG’s trying to come to an agreement with the banks to put an end to this insanity so that our housing market can get working again; the Massachusetts’s AG, (Continued on page 23) |
