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The Stock Room page 32 |
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(Continued from page 31)
_______________________________________ apppro’s take for 08/20/2011 @08:30 am EST:
“A Rose by any other name…” A rose by any other name in this case stinks like real Maybe so, but that sort of makes it sound like a fun time in Cabos on Spring Break
What really incenses me is that most – even Cramer – just seem resigned to this insanity. Few give solutions, but some try. I did post a day ago about a few calling for the ‘uptick rule’ to be reinstated and Europe’s failed attempt with banning short selling. However, most of those nega-pundits and anal_ysts just say that we all need to just wait it out and NOT buy anything YET! Talk about a truly self-fulfilling prophecy! You all know me so I have to ask WHY? WHY do we all have to live in angst, lose our jobs, suffer large financial losses all for these jerks’ search for short-term profits on the way to their self-inflicted Armageddon? It just seems that some, especially in the media are out there chanting: Armageddon! Armageddon! Armageddon! Armageddon! WHY? What is wrong with all of us? There really are some easy solutions to this collective mess. Whether you want to call it “Hedge funds gone wild!” or what I prefer “It’s The Mentality Stupid!” both just support the fact that if we stop all this short-term trading and thinking… get back to long-term investing… we could get back on the road to growth; so we could kick that damn can with ease. One easy solution: LOWER taxes for true LONG-term investors, so they can promote jobs & prosperity; AND at the same time TAX THE CRAP out of those short sellers and short-term option traders/traitors, not ban them. Even if it doesn’t cut down on their actions totally, it will get them to pay for the mess their insanity causes. STOP THE INSANITY NOW! “Should have declared a war on gold!”
_______________________________________ apppro’s take for 08/19/2011 @11:30 am EST: “And Main St. Gets Smacked Again!” You all should remember the Las Vegas bashing and how that turned ‘Emerald City’ into ‘Foreclosure City!’ How did that work out for most of you? What we got out of the 2008/09 stupidity was a lot of blaming and bashing and condemning >>> a whole bunch of short-sellers bringing companies to their knees >>> a whole lot of media rumormongering >>> and all that lead to was a whole bunch of people getting fired and Main St. getting smacked. How did that work out for most of you? So NOW look at what ‘robo-schmobo’ & the bank bashing is doing to us: BofA cutting 3,500 jobs this quarter: memo - Yahoo! Finance How’s that working out for most of you? What we have now is EXACTLY the same thing as back in 2008/09. Yeah, they blame Europe and the deficit and Washington, but really it all comes down to the SAME DAMN THING! “It’s The Mentality Stupid!” How’s that working out for most of you? What is wrong with all of us? _______________________________________ apppro’s take for 08/18/2011 @05:30 pm EST: “It’s the Mentality Stupid!” Déjà vu all over again!
What is wrong with everyone? Why has no one seen that it has been and remains that, “It’s The Mentality Stupid!” On this totally insane day, when the market is down 400+ for no damn good reason, someone (besides me that is) is seeing some of the truth.
However, we ALL need to stop blaming everything and everyone! While it may be some people via SkyNet, it still is not the person or the machine, but the short-term trader/traitor mentality that encompasses our lives. Until we stop the insanity we can’t get investing or jobs or building or stability or prosperity or anything! We must change the way we do things towards long-term thinking and stop all this short-term gambling! 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 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 08/18/2011 @07:30 am EST: I just added this as I watch short-term traders/traitors destroy the S&P futures. WE ARE KILLING OURSELVES PEOPLE! Wake up from your stupor and STOP THE INSANITY NOW! And now back to regularly scheduled blogging! _ _ _ _ _ The Koch Brother’s Conspiracy
Have we all been chasing the wrong people? Have we all been looking at certain politicians and companies asking why all the angst and pain, and not seeing the right people? Have we all been chasing ghosts? No, these guys are real! Tea Party Funding Koch Brothers Emerge From Anonymity - Peter Fenn (usnews.com) The Koch Brothers’ Evil Right-Wing Conspiracy to Undermine the PATRIOT Act | The Agitator Koch Brothers’ Money Fuels Wisconsin Fight - NYTimes.com T. Boone Pickens-Koch brothers feud tests Republican principles - Kenneth P. Vogel - POLITICO.com koch brothers - Yahoo! Search Results Damn, have any of you even heard of these 2 guys? I sure didn’t until today! I thought the Very scary: Has all the angst and financial misery and political upheaval over the past 3 years all been so these 2 brothers could keep pumping their oil with no worries about pollution and carbon emissions and limits? VERY SCARY! (Continued on page 33) |
