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The Stock Room page 59
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(Continued from page 58) Sincerely, XXXXXX XXXX Sept 25th, 2010 _______________________________________ apppro’s take for 09/24/2010 @ 08:00 am EST: Gold hits $1300.00 Just great! Let’s keep taking any available cash and dollars we have and further plop it into that useless metal! Let’s keep buying more gold instead of investing in a new business or buying a new home or creating a few thousand jobs! Hey Bernanke, instead of buying more bloated Treasury’s in order to keep interest rates artificially low on the hope that it will free up money and create jobs; why not just get the CFTC to limit the gold ETF’s (GLD) like they did to natural gas (UNG) and that will free up #$*! loads of cash real fast! "Here's another nice mess you've gotten me into." _______________________________________ apppro’s take for 09/23/2010 @ 09:00 am EST: Open Letter to Elizabeth Warren I saw your interview this morning on CNBS. If as you seemed to say, that you are going to run this new agency with the ultimate objective of getting things clear and fair with LESS regulations and restrictions – NOT MORE – well as one of your biggest detractors, then now Lizzie, just understand that IF you do the RIGHT thing, then all those people that got Barney Frank mortgages on homes they couldn’t afford or shouldn’t have had in the 1st place, well… they will not get them! And that will be fine with me, too! I just ask one favor and please stop screwing around with my bank accounts and credit cards. I read the fine print (sort of/good enough) and don’t want any more cutbacks or decreases in benefits & rewards, all because my bank is being regulated to death. I am smarter than a 5th grader (barely), and those that are not should just go back to school and not dance on street corners for income tax free so-called donations (inside joke)! _______________________________________ apppro’s take for 09/22/2010 @ 08:00 pm EST: The point being made in the following video is that, “You can’t have it both ways!” I have been screaming for months now that how can gold be going up, which reflects a fear of inflation and a fear of fear itself and the conundrum that Treasury’s and bonds are telling you exactly the opposite. Treasury’s keep going up which reflects deflation. Again, you can’t have it both ways and sooner or later as these traders/traitors put it – “Market Paradox Can't Sustain Much Longer”! My contention is that useless gold is way overvalued as a fear play and will tank, PLUS interest rates are way too low and bloated Treasury prices which go in the opposite direction of rates must also tank. The speculation and fear that has created this deplorable situation and is causing a major part of our collective economic angst must be stopped.
“Stop The Insanity Now” _______________________________________ apppro’s take for 09/21/2010 @ 07:00 pm EST: Does this man remind you of Don Quixote? Sure reminded me of, well… ME! I have to say that I couldn’t have said it any better, and it really took guts to go on the ‘Obama and I Didn’t Cause the Situation’ reality TV show like he did. Guess he felt like Scott in Austin Powers. SHHH! Everyone please watch this one! _ _ _ _ _ And narrator asked me to link this again: Click on: “Goldman Sachs Fat Fingers” _______________________________________ apppro’s take for 09/21/2010 @ 05:30 pm EST: You want to buy a stock… fine, go buy it! You want to sell a stock… fine, go sell it! You want to short a stock… that’s fine too, go short it! But what no one should find at all healthy or even acceptable are violent, unwarranted swings in prices and/or volumes! It is also not acceptable to just say, “Well, that’s what makes a market!” as some in our media spout! This market has been acting like a bi-polar epileptic! If any person was acting this way, they would come and lock them up faster than Lindsey Lohann! What really should bother everyone is that these violent, uncontrolled swings are not happening with just penny stocks; but rather they occur with some of biggest companies, AND they occur daily! Just take a look at these 3 stocks from today. One is JPM, one of the World’s largest investment banks and the 2 others are ETF’s that monitor United States Treasury’s. On a daily basis, most certainly on a minute-to-minute basis, all 3 of these barring some specific news should remain somewhat stable. These 5% violent swings should be considered unacceptable, and market regulators should do whatever they can to stop it! It is for this VERY reason why no one has confidence in our markets, or our corporations, or our economy, or even ourselves!
Even violent swings to the upside should be monitored.
Believe me when I say that people ARE NOT DOING THIS… it’s all computers that have programing that needs to be… well reprogramed! Also, the short-term traders/traitors that are controlling SkyNet need to be… well, institutionalized! STOP THE INSANITY NOW! Revised Tax Rules: 1. Capital gains 5+ years - 5% tax on capital gains 2. Capital gains 2 > 5 years - 18% 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.
The 4(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! NEW! 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 09/20/2010 @ 07:30 pm EST: Why do I abuse myself so? Right now I am listening to that moron Cramer rant away about how from just 1 hour of a pre-orchestrated reality town-meeting show, he can now say that everything is OK because Obama has changed and is now pro-business. lol Hey Cramer – get real! Just a few weeks ago you were screaming that the Dow was going to 9300 and we all should buy toilet paper! How in heck can you say that Obama has changed his Sir Reverend Wright indoctrination in just one hour? Yeah the market went soaring today, but it already had started that before Obama came on reality TV, and the rise was probably more to do with the United Kingdom being told that they weren’t going out of business. But in any case, ‘our’ Prez is NOT going to change his stripes faster than any other Tiger. Just wait a couple of days and see what he does about his ‘Business Stimulus Bill’ and what he says about Wall St. and our banks in order to get that passed. AND I guess you all have already forgotten about what Elizabeth Warren may be cooking up at Obama’s behest, too? Come on Cramer! Obama hasn’t changed a damn bit – you’re just a media hog looking for another extension of your 15 minutes! _______________________________________ apppro’s take for 09/20/2010 @ 07:30 am EST: CNBS is sponsoring a Presidential ‘Town Hall Meeting’ today at noon. Boy are we in trouble! I wonder if they have the guts to ask the Prez this question: "You ran on a promise to bring everyone together and to work diligently to reach across the aisle and have BOTH parties work together to get OUR Nation back on the road to recovery. From the day you took office it appears that you say this, but then you immediately blame the other party for all the current ills - past & present. You say you want cooperation, but you seem to create division by blaming everyone who is not an ultra-liberal Democratic for the Nation's crisis.
My question is therefore: How do expect the economy and the Nation to regain prosperity when it's appointed head seems to do everything he can to drive the 2 sides further apart?"
And as fair disclosure I would like to say that I am neither a Dem. or a Rep. I vote for the person and NOT the party! _______________________________________ apppro’s take for 09/17/2010 @ 04:30 pm EST: “The Great Bank War” Just when some of us had thought that the war against our main financial system was over, and just when some of us thought that finally our banking system might be able to get back to helping this Nation recover; well just now the Obama administration has launched a new front via the SEC. FT.com / Financials - SEC to target bank ‘window dressing’ This financial accounting technique came to light after the Lehman’s debacle. It was a simple, but effective way to – well make things look a little better than they actually were. It all washed out in the end, but some just couldn’t let it go. What I find truly mindboggling, is how fast the SEC acted on this matter, BUT YET still has done NOTHING about naked short selling, has only been able to reinstate a water-downed, useless uptick rule, and remains totally ‘Clueless in Seattle’ on what caused the Flash Crash of May 6th! I can only guess that the Obama administration is looking again at launching the ‘evil banker’ rhetoric in time for the elections. He also wants to portray the banks as the evil non-lenders, so as to push his ‘Small Business Bill’ next week. ‘Our’ President finds it necessary to bash our lenders for not lending to people who don’t want the loans in the 1st place; all in order to get that useless stimulus bill passed before November. This SEC’s attack on this ‘window dressing’ accounting technique really won’t matter too much – except in the perception arena. Banks tanked today on just mere mention of it, but on no real fundamental reasoning. We have again allowed a few to rumorboard our banks for their own agendas, and we ALL will pay with fewer jobs and higher fees. If we couple this with Obama’s anointment of Elizabeth Warren—well bend over everyone! When are we going to stop blaming the wrong parties? When are we going to stop creating division instead of trying to heal and rebuild? When is enough… enough? “Why can’t we all just get along?” _______________________________________ apppro’s take for 09/17/2010 @ 08:30 am EST: Today our (and I use that word quite loosely) President is really going to ‘pull an Obama’ and during this pre-election period he is going to sneak in that horrid person – Elizabeth Warren – into the new “Screw Us Over More Consumer Protection Agency” that was contrived in that even more horrid FinReg debacle. From the articles I have read, this new agency – just more government bureaucracy and workers – has unregulated rights to pass anything they deem is needed to correct whatever issues they deem inappropriate with NO INDEPENDENT oversight. Yeah you read that right! OK, this Warren person may be extremely intelligent and is probably a very nice person to boot, BUT her radically socialistic views and anti-business sentiment is just NOT what this Nation needs at this point in time. If our Prez wants to give another one of his cronies a job, then put her in charge of that useless SEC and let this Lizzie go after SkyNet and the short-term traders/traitors that are causing our collective mess. Putting her in charge is really a job killer. Hey, if this even more horrid person – Pelosi – loves Lizzie then we all should know we’re in really deep doodoo. JOHN HARWOOD: But if the administration sidesteps a confirmation battle, is that a smart way to proceed? SPEAKER PELOSI: I don't like to comment on something the White House may or may not do. All I can attest to is Elizabeth Warren would be a great appointment in anything that relates to. Protecting consumers in our country. Those who are fighting her nomination who are unhappy about the fact that that the playing field is being leveled more in favor than before for America's consumers.
_______________________________________ 09/15/2010 @ 02:00 pm EST: I ran across this DesignLine/Capstone (CPST) bus today. It was being readied for service. The guys there from DesignLine said that there were already 3 buses doing the 42nd St. Times Square crosstown run. If I get down there I’ll take pics.
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