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Horrifyingly bad call

I shorted the US 30 year on Sunday night .. still holding for now

What's the point of raising 100k? Go to a prop firm and get 300k

This is the same idiot that called for a parabolic rally last year.... The bottom line is this: it is IMPOSSIBLE to predict so far into the future, one can look at the information at hand and derive a logical conclusion on what is most likely to occur but to make such dramatic and...

Bulllllshit that the capitulation means nothing Around when Bear Stearns collapsed and we gapped down big and were down about 300 and rallied to close up 200 points, the market went on to rally for 2 months

The way I see the bottom coming is a massive gap down (500 points) and finish the day up 500-1000 points... yes.. a 1500 point rally from the lows

Listen, I have frankly seen some stupid replies here. I never called a bottom and I never said go all in and buy now. What I'm saying is even after a near 90% route in the great depression, the market still went on to make extraordinary gains over the next 30 years. What I can say for...

I never said buy the dow with leverage... I said only those that should be panicking are ones that are leveraged.

The overall market has fallen in excess of 40% several times, and has always recovered to make new highs. We continuously hear that "this is the worst I have ever seen it" but the market doesn't fall by 40% when the outlook looks good! Through all bear markets it is logical to think people...

Forex-Forex.... seriously bro, you are the absolute worst trader I have ever seen. Nothing in any post I can remember from you has worked, and that's saying something because every dog has its day!

Yes there will be exemptions, but the liquidity would dry up significantly... nothing good comes out of this.

Oh ya, DeFazio is a complete nobody, that's what irritates me so much about all this.. as The Rock would say, he should know his role, and shut his mouth

It was never on any bill, but DeFazio and ratface Kucinich have mentioned it several times so it wasn't just a rumour. Granted, no one of any importance (Franks, Pelosi, Dodd etc) ever mentioned it.

well the transaction tax is no where in the bill

I understand that, but are you certain broker/dealers will be exempt?

Why do you think firms like Swift and Title would be exempt?

I just think such a high % tax on the full value of the trade would make it incredibly difficult for most traders to make money. Even if you can make money, the liquidity would dry up, spreads would widen and it would make it very difficult to make money.

No one in congress? It's been mentioned many times here. That's the problem with all this. Traders and finance people understand how bad an idea this is.. unfortunately those in power do not.

That is from 4 days ago, and things are changing very quickly and based on the most recent proposals from dickhead DeFazio, it seems he may be moving onto other things, other than the 0.25% tax