Dude, It's not the short term traders that you should worry about. It's the prop desks & program trading computers at GS and others that skim all the cream off the market. They own us.
The small short-term trader is at their mercy just like the long term investors. Simply put, far too much of the market is traded by GS, etc. They know they can influence prices and they do it. Putting a tax on short term gains would only hurt the short term trader. GS et all would figure out a way around it (or lobby a way around it). What should have happened is Obama should have let them go out of business and not bailed anyone out. Changing the rules mid-game hurts everyone.
On Oct 11 08:34 AM apppro wrote:
> OK, so how do we stop that????????????? Short-term traders are screwing > all the long-term investors once again, SO HOW DO WE STOP IT!!!!!!!!!!!!!! > > > I say tax them: > > > 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.
Distressing Details of the UltraShorts [View article]
They're trading vehicles and you'll see that they perform pretty well over short periods of time. Longer term, all bets are off. If you want leverage and are going to hold for a long time, then go with options.
Paychex Warns About Small Businesses [View article]
Yeah right. The Fed is only interested in propping up it's buddies (who are definitely not in small businesses).
Our government treats small businesses like they are a necessary evil or a pesky child.
On Jan 06 06:05 PM curbs-in wrote:
> Judy, > > Excellent... > > Small business has been overlooked in this whole crisis. Small business > is (or was) responsible for most of our country's job growth for > several years. > > The Fed should do something SMART (if they can do anything that would > be considered smart) and pump a lot of those TARP $$$ through the > SBA -- PLUS give small business a BIG tax break. I think it would > be wise to give the self-employed a tax break too -- it would encourage > those who are out of work to engage in entrepreneurial activities.
Let's face it Ritholtz uses the same logic that he complains about others using. If the numbers fit his bearish stance, then the numbers are perfect. If numbers don't fit his position, then he blames anyone and everyone nearby for cooking the figures.
Gee, it must be nice to always be right, eh Barry!
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Latest | Highest ratedHow Traders Are Front-Running ETFs [View article]
It's not the short term traders that you should worry about. It's the prop desks & program trading computers at GS and others that skim all the cream off the market. They own us.
The small short-term trader is at their mercy just like the long term investors. Simply put, far too much of the market is traded by GS, etc. They know they can influence prices and they do it. Putting a tax on short term gains would only hurt the short term trader. GS et all would figure out a way around it (or lobby a way around it). What should have happened is Obama should have let them go out of business and not bailed anyone out. Changing the rules mid-game hurts everyone.
On Oct 11 08:34 AM apppro wrote:
> OK, so how do we stop that????????????? Short-term traders are screwing
> all the long-term investors once again, SO HOW DO WE STOP IT!!!!!!!!!!!!!!
>
>
> I say tax them:
>
>
> 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.
Fixing Financial Instrument Accounting [View article]
Distressing Details of the UltraShorts [View article]
Bond Expert: Monday Wrap [View article]
What you mean is "crap", right?
Paychex Warns About Small Businesses [View article]
Our government treats small businesses like they are a necessary evil or a pesky child.
On Jan 06 06:05 PM curbs-in wrote:
> Judy,
>
> Excellent...
>
> Small business has been overlooked in this whole crisis. Small business
> is (or was) responsible for most of our country's job growth for
> several years.
>
> The Fed should do something SMART (if they can do anything that would
> be considered smart) and pump a lot of those TARP $$$ through the
> SBA -- PLUS give small business a BIG tax break. I think it would
> be wise to give the self-employed a tax break too -- it would encourage
> those who are out of work to engage in entrepreneurial activities.
>
What Just Happened to Google? [View article]
Timing the Recession [View article]
Gee, it must be nice to always be right, eh Barry!