It worries me that congress is determined to include a ban on prop trading by the banks. Should I be concerned about this as far as high beta stocks for daily trading is concerned or do mutual funds and hedge funds provide most of the liquidity for high beta stocks?
Thoughts?
It's my understanding that for each member of congress there were 8 special interest people put in place to have a say in the Health Care Bill.
Now, with the Financial Reform legislation debate, there are 25 special interest people to each member of congress in place.
OBAMA DEMANDS DERIVATIVE REGULATION
By JIM KUHNHENN and ERICA WERNER
The Associated Press
WASHINGTON | President Barack Obama vowed Friday to veto any financial overhaul that didnât regulate derivatives.
A Senate bill, reported out by the Banking Committee for floor debate, could be...
Do you think the retail option trader needs to be worried about Obama's Proposed derivative regulations?
Do we need to get out the picket sign and march on Washington or what?
Thoughts?
What do you think? Has a nice ring to it don't you think?
Remember the documentary 'Who Killed The Electric Car?'
I think some of us should get together and create our own documentary with this title if that trader tax legislation passes.
Who thinks this is a great idea?
I am a very effective swing and day trader in stocks.
I work with a daily list of very good volatile stock candidates that I can choose my trades from.
Every time, this trader tax discussion comes to the fore, my list starts to shrink dramatically. It's happening again just as the list...
Well, as far as I can tell, It basically puts the uptick rule into affect for 2 trading sessions (2 days) after a 10% drop in stock price. So, on the 3rd day, it's back to business as usual.
Am I interpreting this right?
If I am then I can live with this.