apppro

GE Down 10 Days in a Row

Yes and true, but on the way up - no one gets hurt - it's when a few pull the rug out over a few weekends with no plans for rebuilding that causes the BIG problems.

And as far as that other person equating my tax plan as socialism - my business is NOT gambling. Want to gamble go to a real casino and leave our financial markets alone. lol


On Oct 29 08:04 AM TCK wrote:

> Don't under estimate the market manipulation on the upside.
>
> In the last 10 years we have seen the tech, oil, and housing bubbles
> created in part by fast money and speculation.

GE Down 10 Days in a Row

My question is what does all this nasty market performance prove? Are we all that willing to let a few short-term thinking option traders/traitors take us ALL back down to levels we should have never been at in the 1st place?

We must start INVESTING in this Nation and we must stop all this short-term gambling that has encompassed the markets for the past 10 years.

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

AND

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. I'm tired of paying for the pure shorts 3rd vacation home.