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Forget about having a clue. I mean isn't "End of Trading" serious news for them? My point is they just don't see the impact we see.

One thing that I just don't understand. Outside of Rev., all the people that discuss this tax in the "trading" media(NOT general public) like Todd Harrison(minyanville) as well as all the cnbc anchors talk about it "nonchalantly" with the perception that this doesn't do much to significantly...

Execpt for Jim Cramer...what an ass he is.

rsikit, notwithstanding tomdavis' insightful post, this legislation b/c of its obvious deleterious effects is fringe. It is fringe and will remain there UNTIL the backdrop gets favorble enough for it to mushroom into a monster. We're not there yet but it's in the offing. The increasing media...

Ok, now I want the tax to remain at .25% proposal. I don't see how any analysis doesn't come to the conclusion that large-scale unemployment will result at that ridiculous rate. And whatever happened to "it has to be implemented internationally"? Just posturing I guess.

I disagree. I think they have very little chance of passing it now. In fact I'd love to see this come up for full vote right now so it can get shot down for good. I think as time drags on and the Dems get more and more desperate and pressured with election looming, the more dangerous they...

This is exactly my fear. And that public anger will slowly boil over as unemployment festers and will reach a point of explosion. Without this, reason has a good shot at prevailing. I think 50/50 is about right.

I actually think that Obama is against this tax and that Geithner did in fact speak for the administration. BUT our greatest fear as I see it is the potential for out of control public rage against anything wall st. that will overwhelm reason. The current unemployment situation if it...

Hallelujah! Why do I get the feeling that JC still won't get it?

Even if your conspiracy theory were true, I don't think it succeeds because there's enough money elite in aggregate now associated with retail trading to counterbalance whtever GS MS are conjuring up. And I don't think they are in their upswing. Probably the opposite. And to think that the...

The concern here is that we're(traders) the ones fighting the macro trend. The need to raise taxes, protectionism, backlash against capitalism itself, etc. It's just a backdrop where emotions can easily overrun reason. I think if we can get thru next year with favorable IMF/UK elections/US...

And I do hope that Erin Burnett is taking notice.

If these clueless f**ks are finally getting what's at stake here, I sure hope they(Cramer&co) don't go down the road of continuing to support a "tolerable" amount of tax. Shows just how much thought goes into what comes out of that big mouth of his. Sure happy to see him getting shitted on by...

zdreg, what gives you such confidence that the tax will be "steamrolled" thru congress so soon? Is this just your feeling?

Jim Cramer has posted a response in the comments section followed by an excellent rebuttal from someone. We need to post additional comments along this line. http://www.thestreet.com/story/10632585/1/cramer-responds-to-trading-tax-critics.html

Anaconda, let's say that your thesis turns out to be right. Do you see any way for retail traders to trade(actively for a living) once this passes? For instance viability of trading cfds in canada, or maybe some props get exemption, etc.

I don't know, Anaconda's assertions are making more sense to me bit by bit.

Other USD pairs have long-term established macro trend(weak dollar) which continues. In the case of the yen, the widespread dissemination of its impending fall has only been very recent. Hence the effectiveness of the short squeeze.

big time short squeeze on the yen. a LOT of people short the yen basis their "impending fiscal doom" so what does the market do? of course it'll do the opposite of what everyone knows...

sea, I believe he did say "inevitable" referring to the tax in the 6 oclock show.