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The Stock Room page 36 |
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(Continued from page 35) What is wrong with us? _______________________________________ apppro’s take for 08/05/2011 @04:30 pm EST: The Europeans Call us Locusts? (Please do not forget to listen to the video about CNBS out of control in the prior post below. Urgent!) Never mind what I call the person in the above video, but the Europeans call us LOCUSTS? Well, not all of us… just U.S. traders & speculators; BUT STILL – LOCUSTS? Really… that is WAY too nice of a word for those short-term traders/traitors! Try ‘BLOOD SUCKING LEECHES’ instead.
This really has been a perfect week to scream to: 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. 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. _______________________________________ apppro’s take for 08/05/2011 @11:30 am EST: CNBC – OUT OF CONTROL – THIS IS HOW CRASHES START I can’t believe this! I just witnessed a news anchor starting a blatant hysteria rumor about a huge hedge fund “blowing up”! This is indefensible and totally unacceptable!! What’s next—a run on a bank? Someone needs to pull the plug on these people, and really fast! _______________________________________ apppro’s take for 08/04/2011 @07:30 pm EST: Email Rehash Before you reread the emails and look back over my letter to the Prez, listen to me and don’t allow ANYONE to tell you that this was caused by Washington or earnings or even Europe! Today’s horrific selloff had nothing to do with any of these, BUT everything to do with hedge funds gone wild, bond vigilantes, and an out of control SkyNet! Oh, and please don’t forget to include a media hell bent on their ’15-minutes’ spurred on by their own narcissistic egos. “It’s The Mentality Stupid!”
Subject: G10: SELL some ‘useless gold’ and BUILD bridges instead To ALL World governments: Sell some of that ‘useless gold’ you’ve been buying and sitting on > book the PROFITS and use the proceeds to BUILD SOME BRIDGES OR FACTORIES!
WHAT ARE YOU PEOPLE THINKING! - - - - - - Subject: Federal Reserve: Sell some of those now ‘bloated treasuries’ you’ve been buying To the Fed & Bernanke: Sell some of those NOW ‘bloated treasuries’ that you were buying in QE2 > book the profits and send the proceeds directly back to the States to BUILD SOME BRIDGES OR FACTORIES! WHAT ARE YOU PEOPLE THINKING! - - - - - - Subject: IMF & EU: Immediately GUARANTEE ALL bonds across EU at 2% through maturity The IMF & EU should immediately force guarantee ALL bonds across the entire EU at a 2% rate whether the holders want it or NOT! The countries immediately get lower payments. The bank that hold the bonds immediately get an INCREASE in value and their Tier 1 assets. People feel as if their sacrifices were worthwhile. Bond vigilantes and shorts get screwed. WIN! WIN! WIN! REALLY WIN! - - - - - - I’m also including a comment I made on Forbes.com that I think sums up my feelings about many things.
_______________________________________ apppro’s take for 08/04/2011 @03:30 pm EST: Today’s letter to the Prez Dear Mr. President,
"Too Big To Fail" has NOW become everything and everyone. BUT NOW, we have no one to stand up and say, "Spend the money and save us ALL!" It never was the banks and I really wish you had listened to me back when I 1st wrote to you. It has been and continues to be "It's The Mentality Stupid" and this short term trader/traitor mentality has now come home to roost. If we get out of this one it will be a true miracle.
XXXXXX _______________________________________ apppro’s take for 08/02/2011 @05:00 pm EST: Everyone RUSH down to your corner bodega…
and see if they have enough doubloons What went on today was economic insanity and national suicide. _______________________________________ apppro’s take for 08/01/2011 @02:00 pm EST: “I want the growth!” So we finally get the deficit bill, but wait – things are really crappy anyway, so who cares! All we seem to really want is to go minute by minute – bubble to bubble – and allow a few hedgies to continue their greedy way to OUR, not theirs collective Armageddon. We really could have some growth and some tranquility, but then there are the few that still want angst and volatility! Can’t make money when everyone else is happy can we? Nah, we can’t have that! So instead of allowing ourselves to get back to investing and long-term growth & prosperity, here we are again today feeding off every slight negative as if it’s the only alternative. We want growth and prosperity… sure doesn’t seem like that anymore!
_______________________________________ apppro’s take for 07/31/2011 @07:00 pm EST: “On the Eve of Sanity” On this eve when there may be a solution to the current Washington insanity in sight, I came across this new article from Forbes that gives a short insight on how we got here. READ IT! Also read my answer—the true reason!
(As of 6:30 pm EST I just heard that there may be a deficit solution, BUT IMMEDIATELY CARL Q. FROM CNBS SAYS THAT THE MARKETS WILL TANK ANYWAY BECAUSE THEY NEED THE HIGHER RATINGS GARNERED BY MORE VOLITLITY & ANGST!) _______________________________________ apppro’s take for 07/30/2011 @08:30 am EST: I Leave You With this! (Continued on page 37) |
