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The Stock Room page 45 |
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(Continued from page 44) “Gold $1524 – OUT OF CONTROL!” Damn right! When will everyone see this already! I wonder how many jobs could have been created if we took $600 out of gold and put it into building bridges instead of paper ETF’s or gold futures? For how long have I been screaming that the popping of the ‘bloated treasury bubble’ by the Fed was a good thing and helped to increase the stock market and confidence! Yes a good thing! BUT, for how long have I also been screaming for Bernanke to please pop the ‘useless gold bubble’ so people would put that money created by popping the ‘bloated Treasury bubble’ to work building bridges and creating jobs, instead of plowing those same monies into gold/silver ETF’s and gold/silver futures? When I call for everyone to STOP THE INSANITY NOW, it also applies to speculators in commodities like gold & silver, and not just traders/traitors engaged in wholesale naked short selling of everything else. 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 04/26/2011 @ 10:00 am EST:
“They will find speculators…” It’s just not Obama. Now even Is everyone just totally “Clueless in Seattle?” Just listen to a few choice words from someone whom actually knows, since you don’t want to listen to me. What is wrong with all of us? _______________________________________ apppro’s take for 04/26/2011 @ 08:00 am EST:
Great Job Guys!
Poll: Most Egyptians want Quran as source of laws - TODAY News - TODAY.com
Poll: Over half of Egypt wants end to Israel peace Maybe we should put that racist & anti-Semite Richard Engel in charge of ALL of our foreign policy! _______________________________________
And so it begins. [04/22] Crowds protest Christian governor in south Egypt | Egypt News.Net _______________________________________
apppro’s take for 04/22/2011 @ 09:00 am EST:
A Greek Tragedy & Oil Insanity "Beware of Greeks Bearing Gifts", or in this case, “Beware of people spreading rumors about Greeks!”
Greece seeks UK help over market-bashing email - Yahoo! Finance Public Prosecutor for Hoax e-mail about Greek debt restructure | Keep Talking Greece Citi denies wrongdoing in Greek debt email probe Does no one else find anything disturbing about this? Does no one else see the damage being done by these traders/traitors and so-called bond-vigilantes? Until we stop this short-term trader/traitor mentality, I again say that nothing will ever change or get better! We will just go from one bubble/catastrophe to another! Let me make a quick comment on the current earnings season so far: JUST DEPLORABLE! Not deplorable in the sense that earnings have not been good – actually for the most part they’ve been GREAT – but rather because no matter what companies have done in this awful economic situation, short-term traders/traitors have bashed the stocks and sold them off! Why do I make this comment you ask? Because, it’s the VERY SAME short-term trader/traitor mentality that created the Greek Tragedy, gold to $1,500, and oil to $112 that is causing the insanity of the current earnings sell-off! Now you ask, “So what?” Well, just listen to these Fast Money jerks. Their trading and mentality about this affects everything and everyone! They’re talking about silver, but they could have just as easily been talking about oil or corn or wheat or whatever! For these traders/traitors it has nothing to do with reality or the greater good, but as one of those jerks said, “When it blows up you move on to something else!” As if the rest of us can do that! And now to Obama calling on tighter regulation, investigation, of oil markets. - Lynn Sweet Instant view: Obama team to probe oil market manipulation - Politics - msnbc.com Now I don’t want to take credit for any of this, but I did get a response letter from the Prez yesterday about my emails to him over the past month calling for him to stop the oil speculation. Coincidence? I don’t think so!
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 04/19/2011 @ 03:00 pm EST:
$1,500 Gold! I hope you all love the fact that the man who brought us to the brink of Armageddon by his naked shorting of Lehman’s, Einhorn Sounds off on Lehman had put all those ill-gotten profits into gold. Einhorn on Gold I truly hope that you all love getting it twice up the you know what, by that you know who!
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apppro’s take for 04/17/2011 @ 09:00 am EST:
“Full Circle!”
After about 5 years it seems we are about to go full circle on the financial crisis/stupidity that began in 2007. Still I have to ask the question, “So what have we learned?” And again I come up with basically the same answer, “SQUAT!” Securities Regulators Expected to Reach Settlement with Banks - WSJ.com
The 1st line of this article tells it all:
The key phrase is “mortgage-bond fraud, which contributed to the financial crisis” with focus on “contributed”. I then ask you to refer to this quote from the article I referenced in my 04/14/2011 commentary: “The subprime crisis did not start as a result of wholesale defaults at the home owner level. While defaults were up somewhat from the prior year in absolute terms, they were not that bad. In addition, absent fraudulent underwriting, the recovery on a foreclosure historically has been a very high percentage of the loan amount. In most markets, the real losses were (Continued on page 46) |
