Jeff332

How Traders Are Front-Running ETFs

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.