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Hi, Nobody from Prague? I'm a Norwegian going to Prague for the whole of november 2009. Any interested in a beer/food/meet up please reply. Not necessarily traders.

Hi Cutten, I came across this thread, and I've been to Germany recently just for checking out investment alternatives in real estate. Unfortunately, I have problems finding a suitable investment vehicle. Are you planning buying properties outright and manage it yourself? I had a look at...

I'm not american, but isn't most daytraders paying "ordinary" income anyway when they chose "mark to market"? Does the new law also mean self employment tax?

If the US implements this tax, I'm quite confident other countries would follow as well.

Commodities have given us some short term relief now that they have fallen sharply. But the central banks all over the world are now printing money. They have literally decided to avoid a "recession" by all means by printing money. This increase in money supply will sooner or later turn into...

Inflation.

The inflation will kill the buying power for the US now. Who's gonna pay for all this debt? The dollar has to fall.

...until you realize Americans can't own foreign stocks....

There is a lot of guys here talking about trading offshore (if there is a tax). Do you know that Americans are not allowed to own foreign stocks? I have deposited money in a lot of hedgefunds and mutual funs and all of them explicitly states that Americans can't subscribe. (I'm not American)...

This is the reason why most things get through. Penalize - but not me. NOONE should pay the tansaction feee.

You're wrong. It will be less liquidity, but far from your figures. The market won't drop by much either. Why should MSFT drop double digit percent just because there is an entrance fee of .25%? I would certainly be buyer if it drops! As the situation is now I'm fearing what will happen...

Unfortunately, politic is not about rationality and/or logic. It's all about pleasing the majority. The problem with a transaction tax (for us daytraders) is that the cost is invisible. There is no "this costs us 50bn a year" showing up in the budget. You can't see it anywhere, it's just a...

I thought they planned getting rid of the stamp duty?

Most countries don't have any transaction tax. The only country I can think of is UK which has a stamp duty.

Yes, I called them. Seems like one guy made a mistake, as far as I know. I couldn't short anything from 0915 til 1000. But this lack of communication is quite frustrating.

Everyone can make a mistake, but what really annoys me is that there is no explanation or "we're sorry" from noone on what happened. A very frustrating day.

I trade with Echo and wasn't able to send any short orders to day. I was up all night to prepare for this and someone at Echo/Merrill screws up. Would have been my second best day ever.

Still fraud. They don't deliver.

It's beyond me how one can speculate going short without borrowing and not getting penalized. I mean, if I opened a car dealership and sold cars with deklivery in one week and never delivered at due dates, that would be fraud and prison. Typical government intervention to stall the whole market...

Ok, but why not just penalize those who short without borrowing? To strengthen rules for borrowing takes a lot of manpower, and customers have to pay up. Why not send the bill to those who break the law?