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The Stock Room page 64
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(Continued from page 63) Has everyone lost their minds? Is this really what we want? EU Debt Crisis - Markets About to Turn Nasty, Buy Barbed Wire: Advisor - CNBC What this guy is basically saying is that: “It’s over folks! No hope! Just wait for the nukes!” Is this really what you all want? Do you really want to let these bond vigilantes and short sellers to blow it all up? What he doesn’t say, but is implied is that, “And don’t worry! Once you all blow yourselves up I’ll be here with plenty of money and assets to rebuild it all for you!” If we don’t put an end to all this short-term mentality and put an end to all those short-term traders/traitors – well ever hear about a self-fulfilling prophecy. _______________________________________ apppro’s take for 06/05/2010 @09:30 am EST:
I guess I don’t get it. Must be that simple! I guess I have to allow a few short-term traders/traitors dictate how we ALL must live and invest. I guess that I’ve been wrong to assume that long-term investing still exists and people can invest with some degree of certainty that what is true on Friday at 02:00 pm will also be true at 02:01 pm. WRONG! Anyway, what happened this week and the 325 point loss on Friday, and our President saying nothing to reassure the Nation, and our bank CEO’s not defending themselves, and our news media promoting hysteria, and a few short sellers jumping with joy, and the general public more concerned with destroying our economy then rebuilding it – well it just makes me vomit! Meanwhile, narrator sent me a few links for his crusade against Goldman Sachs. Better he should be going after Einhorn, Ackman, Paulson, Tilson, etc. Those are the real criminals, but at least he’s trying!
I’ve got nothing else to say today! Just too frustrated over how everyone thinks that these short-term trader/traitor market swings won’t affect Main St.! Get over it: It did! It does! It will! STOP THE INSANITY NOW! _______________________________________ apppro’s take for 06/04/2010 @05:30 pm EST:
I’ll try and post something over the weekend, but what happened today was deplorable! When all this negativity and angst hits Main St. again, I wonder who they’ll blame for it this time?
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 licensed 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 WMD’s back to what they were supposed to do: mimic mutual funds. _______________________________________ apppro’s take for 05/27/2010 @07:30 am EST:
Danger Will Robinson! Danger! Ira Sohn: Einhorn’s Worried the US Is a Bubble - Stocks To Watch Today - Barrons.com And as a 2nd warning: you should all read the below linked article. Your take away SHOULD BE that the 2 mentioned are the VERY 2 that started/caused the crisis and now BOUGHT ALL the stocks and assets that they drove into the toilet in the 1st place 2 years ago. They screamed that all those assets were WORTHLESS! Now, they bought them all up because those very same assets are just really worth_LESS! _______________________________________ 05/22/10 For all you Capstone (CPST) freaks here are the pics of the ‘smiley face’ bus in NYC. I think! Not exactly as quiet as I would have thought!
_______________________________________ apppro’s take for 05/22/2010 @09:30 am EST:
Generally just a disgraceful week in our markets and in our Nation as a whole. We allowed some shorts to bring us almost to the brink of Armageddon once again. Hey, they got us back to that low of the ‘flash crash’ just 1 week ago. Yeah right, computers caused it! Just a horrid joke, but I’m not laughing! We also allowed our politicians to pass another one of their retribution/payback bills like the healthcare one, this time against our banks and financial industry.
Book of Genesis "In the beginning God created the heavens and the earth, and the earth was welter and waste and darkness over the deep and the wind of God hovering over the waters, and God said, 'Let there be light,' and there was light;…” It is obvious that Washington never moved beyond the 1st part, because they remain clueless in Seattle (Lame reference to that Tom Hanks’ movie.) and dwell totally in the dark. What really makes me mad are the following 2 articles; not because of what they don’t say, but in these 2 cases what they DO SAY! While I hate to reference anything that is written/authorized by that blowhard Jim Cramer, the author of this article really details the truth on how some short hedge funds enabled by the media (Look into the mirror guys!) caused the monetary/financial crisis in Greece and Europe. Why he’s just waking up now and doesn’t take the same exact scenario back to Lehman’s, etc. is the real mystery. What these shorties did/are doing to Greece and the Euro and the entire European Continent as a whole… well they perfected this shorting strategy during their collapsing of our banking system. Yeah right, the banks caused the financial crisis! Hedge Funds Are Root Cause of Euro Crisis | TheStreet.com But then as you read the 2nd article you really will want to throw up. Here we learn that these very same shorties had 1 of their upscale meetings at this posh New York City restaurant in February. Well, as you read you’ll see that OUR OWN government was in attendance and told these crooks NOT to short the Euro any further and to STOP their activity. Did they listen? Why the hell they don’t prosecute these guys under the RICO Act is beyond me… yeah they're a ‘mob’ too! Hedge fund 'ideas' party sponsored by Monness, Crespi, Hardt & Co sparks big controversy over euro Park Avenue Spring Restaurant - New York, NY | OpenTable Adjacent to the restaurant, Park Avenue Townhouse is designed to be your pied a terre for the evening for private dinner parties of up to 50 guests. www.opentable.com/park-avenue-spring Inside The Secret Dinner Where Hedge Funds Conspired To Short The Euro Also not mentioned was Pimco: PIMCO Is Killing Greece's Chance To Refinance Itself Next Month. I looked for the link where Pimco was just not shunning the bonds, BUT actively SHORTING Greek debt in order to bring the Country down. Mohammed admitted the same on CNBS. I hope you also noticed that one of the most prolific short sellers and destroyers of all time, Jim Chanos said he wasn’t in attendance. Not sure about that, but by his own admission he’s way too busy doing the EXACT same thing to China by shorting their markets into the toilet. No wonder everyone hates the U.S. What should really scare you is that Chanos, also by his own admission, has unfettered access to OUR President! Come on people… WAKE UP! Be afraid! Be very afraid! _______________________________________ apppro’s take for 05/20/2010 @06:30 pm EST:
Let’s make sure we understand it! This new financial regulation bill has NOTHING to do with what caused the current disaster, nor will it really address it from happening again. What it does do is hamper some banks (who had nothing to do with the downturn), restricts some credit card companies (who had nothing to do with the downturn), and then appoints some more government workers to oversee our overall well-being. Whatever! Some feel it will help, personally I think it won’t. However, whether you like the new proposals or not, whether you see Wall St. as the evil-doer or not, whether you’re Republican or Democratic, no matter who or what you are – well, you’re still an AMERICAN and I’m sure you want OUR Nation to grow and prosper. So, what this proposal doesn’t do is go after the very people who don’t want that… all they want is to line their own pockets through destruction and innuendos. It’s as if we were going after Al Qaida, but refuse to look for Bin Laden. Again, whatever! I’m just so disgusted with our collective lack of seeing the true causes for our mess that I really just want to vomit, but when I see our President come out today and instead of trying to calm the markets and reassure everyone that we work together as ONE Nation; the 1st thing he says is how we have to punish the very people we depend on all because they don’t agree with his policies.
All he seems to want to do is piss off and damage the very financial institutions that we all need to look to for help in order to grow and prosper, all the while ignoring the real culprits. I thought he was supposed to be a consensus builder? I just really don’t get it anymore! _______________________________________
apppro’s take for 05/18/2010 @06:00 pm EST:
Well it’s about friggen’ time! Today Germany decided that they had enough with all the shorting. Never thought I would be saying thank you to the Germans, but THANK YOU. Just wish they had carried it a little further than just the bond situation. Too late for that now! But at this point I’ll take anything that reigns in the insanity of the ‘Trader/Traitor Decade’. Fear the Leerverkaufer: Germany to Ban Naked Short Selling - Barrons.com And wouldn’t you know it that those jerks on CNBS would bash any attempt to cut back on volatility and therefore reduce their ratings by immediately condemning Germany’s attempt to “Stop The Insanity Now!”
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 licensed 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 05/17/2010 @05:00 pm EST:
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