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The Stock Room page 61
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(Continued from page 60) twit’s Tweet credence during an interview with Barclay’s CEO. Maria can’t let her negativity and bias go. Right after the close she was further told that confidence is the issue, but she won’t give it up! CNBS has such a negative bias and if they are not silenced, we all may be doomed to their dismal view of the future. Then again, just listen to these 2 jerks from another media source, and their moronic comments on ‘walking away’ from their mortgages. These 2 morons will make you vomit even more!
What the hell ever happened to journalistic integrity, personal responsibility, and living up to one’s commitments? Look, I’m not professing we all stick our heads in the sand; things are not all that great. We have a lot of issues created by “The Shorting of America”. OK, let’s get to it, but nothing will be served by issuing in the second coming of Armageddon. It is unfortunate that the past decade had bread an entire culture and industry hell bent on finding everything negative they can, then shorting the crap out of everything involved. ‘Stop the Insanity Now’ and institute some tax consequences to all that negativity! _______________________________________ apppro’s take for 08/24/2010 @ 09:00 am EST: Cramer went screaming last night on how the individual investor has run for the hills and this market needs them back in order for things to get better. I agree, but again we have another one of those circular arguments that pundits keep spouting: The market will improve & stabilize when individual investors come back into the market… Individual investors will come back into the market when they see the market improve & stabilize! He then tried to come up with some ‘Cramerized’ reasons on why they’re not. Some were reasonable, but most were for someone like him… extremely naďve and ridiculous! The one that gave me the most surprise was that he called for an EXPANDED SEC! Wasn’t he the one that just a few months ago wanted them all thrown to the wolves? Wasn’t he saying that they couldn’t find “a nut in the forest”! As far as I’m concerned the Christopher Cox legacy of moronic and ineffective administration has so encompassed the agency that no one could fix it. Mary Shapiro, the current bobbing-head, seems totally clueless and gives meaningless gestures to trying to fix something that she has no grasp over. 10% move before the uptick and halt rules kick in! After the Flash Crash waiting for that to kick in would mean that everything would be at $0 before it did… do I have to say more! Also, if you listen to narrator and his followers, the SEC has now gotten far more powerful and secretive from Obama’s FinReg. Talk about putting more idiots in charge of the hen house!
Some may remember that I told you that after the bond vigilantes were through destroying the European currency they would come after us, and here we are. Have you noticed that Treasury yields and prices now reached the levels of Armageddon 2009? Please understand that interest rates this low are NOT good… they are an indicator of FEAR & ’UNREASONABLE UNCERTAINTY”! Some are trying to use the backdoor shorting of China though the ‘China Bubble Syndrome’. Here they keep blaming it on housing, but when it comes down to it: “It’s the Mentality Stupid!” and until we get rid of this trader/traitor mentality… well, we’re all doomed. 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 08/12/2010 @ 09:30 am EST: For various reasons I had to be at home all day on Friday. I had CNBS turned on and boy oh boy, hour after hour, guest after guest, reporter after so-called reporter… the nega-pundits and negativity oozed like a disease ridden wound. Actually worse, the yelling and screaming and horridly opinionated views of these nega-pundit bobble heads had me totally drained by 2:00 pm. By 4:00 pm I was ready to jump just to get the noise out of my head! “And the ones that mother gives you don’t do anything at all! Go ask Alice…” If we had these guys at Gitmo back in 2001 and 2002, we would have had Bin Laden strung up 10 years ago! Their torture is just unrelenting! What is their issue? Why do I listen? It’s like a bad accident on the highway: you don’t want to look, but something forces you to keep on watching the disgusting behavior! THINGS ARE NOT THAT BAD, but these short-term reporters spewing out the crap of short-term traders/traitors really seem to want to bring it all down. OK, many on that show hate Obama and want him to go down in flames, many have their own agenda and are trying to manipulate markets, but there are many others that are just clueless to the damage they are causing and all for ratings or to just hear their own narcissistic voices in their own earpieces. The 4(5) Golden Rules 3. Institute some rules on how the media ’reports’ news in order to prevent rumor-boarding. Not censorship… just sensibility & responsibility. _______________________________________ apppro’s take for 08/12/2010 @ 07:30 am EST:
U.S. Treasury’s have become a reverse indication on the state of the economy. Unfortunately! Sort of a oxymoron, too! If things are getting worse, then it flies in the face of reason that anyone would want to invest in something that is not doing very well. Safety in something faltering? Does that make sense to you? It also seems weird that foreign investors would be happy with receiving such LOW returns on their investments when they could easily go somewhere else and get far better returns with as much safety. Just like oil to $145.00, short-term traders/traitors, some with very warped political agendas, are speculating the prices of Treasury's to ridiculous, unsustainable levels. One of these days the obvious Treasury bubble will burst and the sell off will happen. Then ‘they’ will say it occurred, but for all the wrong reasons - and again the rest of us will get screwed over for a few traders/traitors greed!
_______________________________________ apppro’s take for 08/10/2010 @ 07:00 pm EST:
Supposedly the Fed today extended the amount of money available by saying it would buy U.S. Treasury’s instead of mortgages. Makes sense to you? Probably not, but then again it definitely doesn’t make sense to 99.99% of the rest of us either. I bet it probably makes no sense to the Fed either, but they had to say something. Some don’t agree! Some think that the Fed should have said nothing, and I agree to that. It doesn’t matter what they do, because they really can’t do anything to fix the issue anyway. And what is that issue, well: “It’s The Mentality Stupid!” I’m not alone in this. There are many others out there that think things ARE getting better, albeit slowly, but better nonetheless! While the person in this video somewhat questions the Fed’s move, he does call the negativity pushers to the mat when he says tongue in cheek, “God forbid that the economy doesn’t double dip and equities don’t crash…”
Hey, what did you expect when we allowed a few to force out trillions of dollars from the system that forced millions out of work, and all almost overnight, too! Well, we did it and now we’re stuck. We could listen to the same bond vigilantes that almost took down Greece,
or we could try to get our economy back to reasonable growth by just stopping all these nega-pundits and their short-term mentality. Easier said than done! Follow the money and you’ll see that a few out there have staked a LOT in the hope that Armageddon comes a knocking all over again! 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 08/08/2010 @ 09:00 am EST: Please don’t get me wrong, but does no one else find these State bailouts somewhat questionable at this time? UPDATE 1-U.S. Senate approves $26 bln for state aid - CNBC I have no issue with more stimulus; I’m not one of those that think everything needs to fail in order for everything to get better. I also believe that our policemen & firefighters should be given anything they need in order to live a good life. They deserve it! I also feel that teachers & other State employees should be included, BUT to what extent? They are an important part of our society, but their unions have taken this importance and used it to extract bloated and in many cases, unreasonable entitlements and privileges. I really don’t want to take issue with the teachers, but right now our States are broke and we just can’t afford to give away such ‘golden parachutes’ for their retirement. I also, do not want to get into the ‘why is it good enough for the teachers, but wasn’t good enough for our CEO’s’ argument. Hey, those teachers are the very same that taught those CEO’s their so-called evil ways! In many ways, the other State Unions are just as guilty and should also be addressed. New Jersey just took drastic action in order to get their own house in order. “In March, the governor signed measures requiring teachers and government workers to contribute 1.5 percent of their pay toward health-insurance costs and removing future part-timers from the system. Christie, the first Republican elected New Jersey governor since 1997, has said he’ll seek additional changes for current workers later this year.” Is it fair for those state residents to now pay for other states that do NOT want to face the music and cut back? Sounds unconstitutional to me! If Obama wants, and in some cases should give away more tax payer dollars, then he should ask the very same people receiving those PUBLIC funds to give something back in exchange… Don’t you think? What’s good for the goose...! “Too Union to Fail” is alive and well in America! _______________________________________ apppro’s take for 08/07/2010 @ 09:00 am EST: I wanted to start off my outrage over how the nega-pundits took a mediocre unemployment report on Friday and turned it immediately into the onset of Armageddon II; but then I wanted to complain on how ONLY NOW everyone is recognizing that our collective misery is due to a breakdown in confidence and trust more than anything else; but then I wanted to complain how the media glorified Goldman Sachs’ (GS) slap on the wrist by the SEC for being the originating bookie in ‘The Shorting of America’ scheme; but then I wanted to scream how GS was just spinning off those FinReg issue parts and will just go about their merry way all over again; but then I wanted to try and convince everyone that changing the ‘Trader/Traitor Mentality’ via capital gains tax adjustments was more important then added stimulus; but then I wanted to complain (actually laugh my a** off) about how HP CEO Mark Hurd threw away a multi-million dollar job because he couldn’t keep it in his pants; but then I REALLY wanted to complain on how Obamaism via Pelosiism was giving away another $26 billion WITHOUT asking for some concessions in return – do I hear “Too Union to Fail” all over again... BUT then I just threw my hands up in the air and said that while all those above things are truly important, the disgrace of ‘Michelle and the situation’ going to Marbella, Spain on a summer jaunt AND MOSTLY AT OUR EXPENSE – that was the REAL DISGRACE & OUTRAGE! Yeah, I heard that they claim its private money paying for it… BS! Just the taxpayer airline flights alone for that group of spoiled adults is over $75,000! I saw a segment on the Saturday Today Show that reports the taxpayer portion is well over $250,000! YES, I just said $250,000!!!!!!!!!!!!!! Just a disgrace plain and simple! The entire trip could cost someone (you and me) well over ˝ of $1 million dollars - $500,000! Hey Michelle, what’s wrong with our beaches????????????? Besides, didn’t you just get back from a vacation in Maine? (Continued on page 62) |
