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The Stock Room page 25 |
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(Continued from page 24) Well, those who thought the Rapture was supposed to happen back in May and sold all their mutual funds in preparation… WELL THEY SURE TURNED OUT TO BE THE SMART ONES – DIDN’T THEY! _______________________________________ apppro’s take for 10/19/2011 @07:30 am EST:
My solution: Fix housing: · Have ALL banks contribute to a (blackmail) fund of $20 to $30 billion – maybe base it on a % of TARP money’s they got – and this fund would be used to refinance, modify, whatever delinquent homeowners. AND ALL BANKS GET IMMUNITY FROM ANY AND ALL FURTHER CLAIMS OF ANY KIND! The insanity MUST END NOW Their solution: Foreclosure deal near as banks win more immunity - Yahoo! Finance · “Under the proposed terms of the settlement -- which could total $25 billion -- banks would get broad legal immunity from state lawsuits in exchange for refinancing underwater loans, those mortgages where borrowers owe more than their homes are worth, the sources said.”
Thank you very much! Why no one listens to all of my simple & easy to implement 1-paragraph ideas is still a mystery. Even a simple idea that doesn’t make everyone happy is better than no idea at all! Urgent News Alert: Animals Loose in Ohio: Town Under Lockdown - ABC News
_______________________________________ apppro’s take for 10/18/2011 @05:00 pm EST: ETF’s the WMD’s of NYSE
Tomorrow there is a Congressional hearing to discuss ETF’s and how they affect the markets. Wednesday, Oct. 19, 2011 9:30 am
We have discussed this at length so again I just say: IMPLEMENT GOLDEN RULE #5 AND THINK ABOUT #2 ALSO! 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 10/18/2011 @09:00 am EST: The Beginning TO the End? I have said an end to ‘robo-schmobo’ would go a long way to getting our housing market, and our economy back to some sense of reasonable normalcy. Officials, banks to tackle mortgage refinancing plan: report - Yahoo! Finance I have also said that we need to do whatever we need to so that OUR banks can get back to lending and functioning. Federal & State regulators have STOPPED this process… NOT THE BANKS! If getting this process moving means giving some misguided individuals and politicians their ‘extortion’ funds… then so be it! Fix housing: · Have ALL banks contribute to a (blackmail) fund of $20 to $30 billion – maybe base it on a % of TARP money’s they got – and this fund would be used to refinance, modify, whatever delinquent homeowners. AND ALL BANKS GET IMMUNITY FROM ANY AND ALL FURTHER CLAIMS OF ANY KIND! The insanity MUST END NOW!
JUST DO SOMETHING CONSTRUCTIVE!!!!!!!!!!!!!!! Maybe that above article/hope will harken a beginning to the end of insanity. Bank bashing from the ‘bully pulpit’ must end!
STOP THE INSANITY NOW! The 5 Golden Rules In the 2012 elections vote for: _______________________________________ apppro’s take for 10/15/2011 @09:00 am EST: The Real Alphabet Soup – HFT & ETF & WMD & CNBC & TFB! Since 2008 I’ve tried to point out how the ‘tails are wagging the dogs’ when it came to how ETF’s were leading the stock market. Golden Rule #5 has been one of the most important of all. 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. Basically, things have only gotten worse with blessings from the SEC; and this is at the root of my issues with the 99%. They just don’t get that the government OK’d everything that has gone on! In some respects like subprime – THEY PROMOTED IT! Blaming the enablers is just an excuse and an easy target, but that is not what I am discussing today – not yet that is. The insane swings and volatility in the markets especially that can be seen since August 1st are NOW the major issues that need to be addressed. If those Zucchini Park protestors want something to whine about this is the perfect place. Check out the below article and video from CNBS – yeah I know, “Look at whom I’m quoting!”, but their message is right on… this time that is! This is especially true when they bitch about those ultra ETF’s that SkyNet uses to manipulate markets up to 3 times as much. Leveraged ETF’s trade 3 times the underlying stock for every 1, and all on borrowed money. Hey, wasn’t excess leveraging the cause of this entire mess? See my point! And please don’t forget about what I said about how SkyNet is using certain CNBS keywords to make things even more volatile. Proof: ETFs a Self-Fulfilling Prophecy - CNBC
“IT’S THE MEANTALITY STUPID!” and SkyNet has no issues with abusing these ETF’s for its own SHORT-term algorithmic design. ETF’s started off as a reasonable alternative to mutual funds, but quickly morphed into destructive WMD’s of HFT traders/traitors. These ultra ETF’s and their abuse by SkyNet do NOT add anything to our society. They do NOT invest LONG-term in our growth and create NO jobs whatsoever! ETF’s were a good idea that like those cable shows are now ‘ETF’s Gone Wild!’. Now to the TFB part and back to the Zucchini Park saga with Who just got $135.8 million energy loan? “The sister-in-law of John Podesta, President Obama’s influential White House transition director, served as the lobbyist for a wind power firm that was just awarded a $135.8 million loan guarantee from the Department of Energy. The company is Brookfield Asset Management. It boasts a board of nine directors, including New York Mayor Michael Bloomberg’s long-term girlfriend. The Energy Department’s promise to Brookfield marks the latest in controversial massive alternative energy loans to companies with strong ties to the Obama White House and to top Democrat lawmakers.” So, Brookfield backs off occupied NY cleanup at request of local political leaders - Yahoo! News or, how they got maid service for Zucchini Park paid for by the rest of us! STOP THE INSANITY NOW! The 5 Golden Rules In the 2012 elections vote for: _______________________________________ apppro’s take for 10/13/2011 @08:00 am EST: Raising Taxes – WE just don’t get it! I want everyone to just pay their fair share! Whether this is enough to pay for Obama’s ‘Jobless Plan’ or not is and should not be the issue! We should NOT be raising ANY taxes if it means that those taxes are going to be spent by hapless politicians in Washington who have no idea of what they are doing. ALL OF THEM! If getting everyone to pay their fair share isn’t enough, then cut the fat! What I have called for is to just put an end to all this SHORT-term gambling and to ‘STOP THE INSANITY NOW’! It’s a simple solution and by using the ‘*’ we also get the people who are not paying their fair share… to pay it. We all seem to forget that it was ALL of us that told them to do this, anyway. SAY WHAT? Yes sir, we all thought it was far better for the ultra-rich to get stock and not income – remember the golden parachute screaming after Enron? So people like Buffett NOW take very little income (Jobs only took $1.00) and NOW just rollover stock options that they pay ONLY 15% on. Yes, we told them to do it! Anyway, now we have Obama taxing everyone for everything and we all think it’s just the rich.
Fine, *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. BUT no matter what you get Buffett to do, until we ALL realize that what is causing this mess is not a few richies not paying everything they should, but rather that “IT’S THE MENTALITY STUPID!”… and until we stop this then nothing will change. 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 10/12/2011 @07:30 am EST: From the same people who brought you Solyndra and the Durbin Amendment! No additional comments from me are required. The following quote and the original article and video speak for themselves. “Meantime, conspiratorial comments are now swirling on the web about Brookfield, the parent company that operates Zuccotti Park. Mayor Bloomberg's significant other reportedly sits on the board and online commentators have suggested that explains his personal interest. They also conspiratorially point out that a Brookfield subsidiary reportedly got a loan guarantee for over $150 million from the White House right around the same time the administration signaled support for the protestors.”
Personally I prefer this report far more! (Continued on page 26) |
