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The Stock Room page 69
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(Continued from page 68) apppro’s take for 01/28/2010 @5:30 pm EST:
Today was the most deplorable thing on that deplorable CNBS program I ever saw & heard. That horrid type ‘A’ Erin Barfnett, was told today that the sell off was to continue and that was because, “we have to appease the sell-off gods”, and she didn’t even blink an eye. It was bad enough that they allow someone to come on and use such hysteria/blasé terminology, but for her not to say something like, “Boy was that the most moronic thing that I’ve ever heard!”, is even worse. If anything ever called for a total revamping of the media and the entire trader/traitor mentality… this does. I’m sure none of you want to hear it, but we’re just allowing these shorts and media bobble-heads to drive us right into Armageddon II. When are we going to: STOP THE INSANITY NOW! Revised Tax Rules: 1. Capital gains under <6 months - 55% tax on capital gains 2. Capital gains 6 > 12 months - 45% tax on capital gains 3. Capital gains 1 > 2 years - 35% tax on capital gains 4. Capital gains 2 > 5 years - 18% tax on capital gains 5. Capital gains 5+ years - 5% tax on capital gains 6. Most critical of all — Institute a capital gains tax of 55% on ALL short sales not directly tied to a long buy by a licensed hedge fund. _______________________________________ apppro’s take for 01/28/2010 @7:30 am EST:
From what I got out of the Prez’s speech last night was that he seems to be willing to, as he puts it, change; but can a tiger ever change its’ stripes? Only time and actions will tell.
On Health Care: He says not to stop reform, but he makes NO mention of reducing costs by going after TORT reform or cross State insurance. On Energy: He seems to lean away from solar and wind, but goes to nuclear and never mentions natural gas. He does make a slight gesture to one of my mantras’ >> Drill… Drill… Drill! On Jobs: He calls for a job stimulus, but at the same time says we should build some useless railroad to nowhere in Florida. On our financial system: He does make a slight concession that the bank bailouts were needed, but makes NO mention of restricting shorts who caused all this. ON and ON, but overall I find myself a little less ready to vomit.
HOWEVER ON CAPITAL GAINS TAXES: He seemed to mention some kind of reduction, but if he lowers the rates for all those short-term option traders/traitors – well all he’ll be doing is pouring gas on the fire. STOP THE INSANITY NOW! Revised Tax Rules: 1. Capital gains under <6 months - 55% tax on capital gains 2. Capital gains 6 > 12 months - 45% tax on capital gains 3. Capital gains 1 > 2 years - 35% tax on capital gains 4. Capital gains 2 > 5 years - 18% tax on capital gains 5. Capital gains 5+ years - 5% tax on capital gains 6. Most critical of all — Institute a capital gains tax of 55% on ALL short sales not directly tied to a long buy by a licensed hedge fund. The 4 Golden Rules 1. Reinstate the Up-tick rule 2. Crack down on naked short selling 3. Institute some rules on what should be said on National TV to prevent rumor-mongering 4. Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales! Build… Build… Build! Drill… Drill… Drill! Jobs… Jobs… Jobs!
Added side note: And your Prez made a comment that the bank bailout was like going to the dentist. Maybe true, but that’s only because he and a few others behaved like Olivier.
_______________________________________ apppro’s take for 01/25/2010 @2:00 pm EST:
Here is one voice of reason:
Here is one voice of reality:
And here is one voice that should be sent right over to China and let’s see how they deal with him! lol
_______________________________________ apppro’s take for 01/23/2010 @8:30 am EST:
‘The Shorting of America – The Sequel’
Probably the only thing I can agree with that ‘your’ President keeps saying is, “Wall St. is back to their old ways!” Unfortunately, Wall St. is not just Wall St., but rather made up of many varied sleezeballs located all over with many varied schemes in mind. No one is again addressing what I screamed about for over 2 years: ‘The Shorting of America’. Remember that fear is a far greater emotion then greed. When these shorts grasp at the slightest smell of fear for whatever reason, they latch on like leaches sucking the very life out of stocks and companies. And, you better understand that when these companies get bleed like this, YOU – Main St. – will eventually also feel the pain. If anything, the last 2 years should have taught you that. Well, like a bad Jamie Lee Curtis horror sequel… ‘The Shorting of America’ is back, and with a vengeance. Our SEC has done NOTHING about any of the rules that needed to be implemented so this didn’t happen again. Anyone remember the ‘Uptick Rule”? Never did get put back! What about all the talk about eliminating all that illegal ‘naked shorting’ I screamed my lungs out about? Never happened either! All in all, Obama’s SEC never did anything, but provide like their Prez – meaningless lip service that blamed everyone else and accomplished nothing. Now, we’re right back to where we were last year – waiting for Armageddon II to occur on March 6, 2010. This deplorable short seller really nailed it back on December 28th. Have to give him credit, but its’ still nothing to admire. Still, was he calling it or a prelude to CAUSING it? We’re killing ourselves here. Between a President who is too focused on saving his own narcissistic, ‘Generation Me’ butt… to short sellers destroying our financial system – AGAIN – have we learned NOTHING!
The 4 Golden Rules 1. Reinstate the Up-tick rule 2. Crack down on naked short selling 3. Institute some rules on what should be said on National TV to prevent rumor-mongering 4. Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales!
What we need to do is to take that horrid ‘N’ word from last year – ‘Nationalization’ and the new horrid ‘O’ word – ‘Obamaism’, put them together and just say ‘NO’ to BOTH! _______________________________________ apppro’s take for 01/22/2010 @6:00 pm EST:
I’m not the only one that feels the way I do about what ‘your’ President did this week. For the President of this Nation to make it ‘personal’ – well it’s Deplorable! Just deplorable. And let’s take a quick look at the .VIX Volatility Index – a measurement of fear & GREED among short-term minded traders/traitors. What a 3-day surge:
That’s just ridiculous, and it all started with Tuesday’s election. I wonder how many shorts Obama has on his payroll? He certainly doesn’t seem to have any real investors. _______________________________________ apppro’s take for 01/22/2010 @7:00 am EST:
Is anyone watching the telethon tonight that will be on every channel: ‘Hope for Haiti’? I made a small contribution and hope it helps. Actually, I was going to watch that other telethon that they were putting on tonight after what ‘your’ Prez felt he needed to say yesterday: ‘Hope For The Rest of Us’! Again I ask, “What the hell was he thinking?” or should I really ask, “Was he thinking at all?” I wonder what short sellers have been whispering in his ear all that ill advised hatred toward a few of our best financial institutions? Why he hasn’t gone after the shorts that put us here is beyond me, still! Bank CEO’s still make the easiest targets, I guess. When are we all going to realize that this bashing doesn’t help and this latest episode reminds me exactly of last year at this same time. We all know what eventually happened by March. Change the mentality and tax the rewards of those short-term option traders/traitors, and you’ll never have to worry about this kind of crisis again. At least those taxes would help pay for the possible future mess if it ever did happen.
STOP THE INSANITY NOW!
Revised Tax Rules: 1. Capital gains under <6 months - 55% tax on capital gains 2. Capital gains 6 > 12 months - 45% tax on capital gains 3. Capital gains 1 > 2 years - 35% tax on capital gains 4. Capital gains 2 > 5 years - 18% tax on capital gains 5. Capital gains 5+ years - 5% tax on capital gains 6. Most critical of all — Institute a capital gains tax of 55% on ALL short sales not directly tied to a long buy by a licensed hedge fund.
Build… Build… Build! Drill… Drill… Drill! Jobs… Jobs… Jobs! _______________________________________ apppro’s take for 01/21/2010 @5:00 pm EST:
I told you so! I told you that all this negativity was going to come to roost. ‘Your’ President was just out of control today. I don’t care what bug he has up his biased butt, for him to destroy the very basis for our economy so as to prove some political point – retribution for his loss in Massachusetts – well this action from ‘your’ Prez was: DEPLORABLE! JUST DEPLORABLE! But as Gomer said, Surprise!! Surprise!! Surprise!!… would any of you rational people have ever thought that Rep. Barney Frank would come out and say “NO!” to his President’s stupid idea, and to call for his own plan; that quite honestly does make some sense? Unfortunately, the damage has been done! We may not all recover from this one! And for those you that might say, “Good! Stick it to those banks!” Just know that the banks Obamaism is going after did NOT play any real role in the mess; and banks like AIG, GMAC, and Lehman’s who did, are not being addressed at all under Obama’s proposal. If banks like JPM Chase and Bank of America can’t function properly – well neither will Main St.! Think about it next time you walk into your local branch and they tell you that they can’t loan you any money or they need to foreclose on your home, all because President Obama said they needed to be punished. _______________________________________ apppro’s take for 01/18/2010 @8:00 am EST:
“Too Union To Fail, Part Deux”
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