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The Stock Room page 24 |
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(Continued from page 23) It’s always good to go back to look at the beginnings!
The beginning of OUR financial crisis: Hedge fund manager shorts MBIA, Ambac exposed to subprime fallout - MarketWatch
The beginning of Greece’s/Europe’s financial crisis: Why does Pimco want Greece out of euro zone? | Keep Talking Greece
The big question in BOTH cases still is “Which came 1st?” Read over carefully the ‘Blackmailing the EU?’ section in the 2nd above link for that answer. In BOTH cases it was the short sellers and not the egg. 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. _______________________________________ apppro’s take for 11/01/2011 @08:00 am EST: People don’t have a right to choose? Not according to nano-second option traders/traitors! Markets Tumble as Greece Sets Referendum on Latest Europe Aid Deal - NYTimes.com Is this what we truly want? Before And on a somewhat totally different subject, “Why do we give a crapolla about this?” Kim Kardashian files for divorce - Yahoo! News This exemplifies what is wrong with us all! How about an “OCCUPY TMZ!” movement? And talk about corporate greed: Occupy Wall Street Applies for Trademark - The Daily Beast so they can get merchandising $’s! Hey, MY NYC tax dollars went to supporting overtime, etc. so that those Zucchini Park protesters could stay – WHERE’S MY BAILOUT? What is wrong with all of us? _______________________________________ apppro’s take for 10/31/2011 @04:30 pm EST: Fear is NOT an asset!
I think today one of those hysteria reporters on CNBS said it all; I will post the video later if I can. “The VIX is trading like an asset class.” How the hell can something that has no basis in anything but fear be considered an asset? It can’t, but it is traded in ETF’s by HFT traders/traitors as if it had factories, employees, and offices. This supposed measurement of volatility has truly become the purveyor of volatility. There are even ultra VIX ETF’s that trade on daily insanity and not monthly. There can no longer be any question that SkyNet’s algorithms are manipulating the VIX which in turn manipulates broader indices which in turn manipulates ETF’s which in turn manipulates individual equities. EXACTLY THE OPPOSITE TO WHAT THEY WERE DESIGNED AND MEANT TO DO! It is this pervasive and perverse HFT VIX ETF trading that is causing all these violent daily and especially intra-day market swings, and not Europe or earnings or even Washington! WHAT THE HELL ARE WE DOING AND WHERE IS THE SEC???????????? Oh yeah… worrying what an ex NJ Governor is screwing up! BOO! STOP THE INSANITY NOW! The 5 Golden Rules In the 2012 elections vote for: _______________________________________ apppro’s take for 10/28/2011 @06:30 pm EST: Time to Celebrate? Stock Market Now On Pace for Best Month Since 1974. Yes, 1974. - MarketBeat - WSJ
And yet we’re still NOT back to where we were just 3 short months ago on July 21st!
Now how do you feel? STOP THE INSANITY NOW! The 5 Golden Rules In the 2012 elections vote for: _______________________________________ apppro’s take for 10/24/2011 @08:30 am EST: Another Obama End Run? I thought that the 50 State AG’s in conjunction with the banks were working on a comprehensive and complete solution to this while ending the ‘robo-schmobo’ silliness, too? States, Banks Close To Foreclosure Deal Also, see my 10/19/11 comments. Now we get this: Obama to unveil housing plan on campaign swing west | Reuters
Here we go again with the OWS’s President trying to gain campaign glory >>> further damage OUR banks >>> and do a TOTAL END RUN AROUND THE 50 STATE AG’S WHO WERE WORKING ON A COMPREHENSIVE, BI-PARTISAN PLAN!!!!!!!!! However, this proposed ‘Executive order’ does PROVE that OUR banks were NEVER in control of this, and that this administration is just using OUR banks to create more social unrest and fear in order to get reelected! What is wrong with all of us? _______________________________________ apppro’s take for 10/22/2011 @08:30 am EST: Join R-O.W.S. Re-Occupy Wall Street Come and join the movement to take back Wall St. from all those SHORT-term option & HFT traders/traitors, and put back in control true LONG-term investors. This video clip is the poster child for everything emblematic for all this horrid SHORT-term gambling that has taken over Wall St.
Everyone needs to scream our slogan:
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 10/21/2011 @08:30 am EST: Sargent Schultz on the Durbin Amendment!
That’s what I got out of this fantastic interview of an Obama spokesperson by Maria Bartiroma.
And oh Harold Camping's rapture: Friday, October 21 is Judgment Day (probably) - GlobalPost (Continued on page 25) |
