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I wish I could understand his phrase: "I fear that this legislation has the potential to harm economic recovery efforts by deterring capital investment." Does he understand in simple terms that the tax is unfair and it's going to put many good people out of business and destroy their source...

Washington, D.C., Sept. 11, 2009 — The Securities and Exchange Commission will hold a roundtable about securities lending and short sale issues on September 29 and September 30. http://sec.gov/news/press/2009/2009-196.htm

That is the problem. He does not understand why they were bailed out by the government in the first place and that the bail out basically paved the road for the upcoming socialist regulations. It would be no need for regulations if there was no government interference. Unfortunately governments...

What makes you give them your money?

I've posted this to avoid any confusions ( similar to one between 0.001(=0.1%) and 0.001% ) since tax rate is usually expressed in terms of percentage. The correct formula should be: $100,000 * 0.1% * 2 * 250 days = $50,000

Quarter of the capital goes to overhead cost and many strategies that are profitable now will become worthless.

zdreg, 0.001 in this formula = 0.1%. The above formula with the tax calculated in percents: $100,000 * 0.1% * 2 * 250 days = $50,000

What exactly are you looking for when you check the Open Interest?

Phew! Finally we are going down.

What if he won't get reelected? What will be his legacy then?

Are you serious? Then how do you explain that US market is always lower after the close and it turns green thanks to Asia and mostly Europe?

Why are you trying to short? Are you some contrarian daytrader?

Yep, the same pattern every day. Makes me sick.

That's correct.

I am as dumbfounded as you are.

Maybe you are but I am not. I trade stocks for a living and I don't have any other sources of income. So I do it not out of choice but out of necessity. I buy stocks in order to sell them later at higher price to net profit. Just as any other merchant does. I don't buy stocks for...

Sales tax is paid by the end customers whose livelihood does not depend on it. Imagine all the merchants down the chain from manufacturer to end customer are taxed with some small sales tax. Just like security tax they propose on the security transactions. Some B2B transaction tax on all...

Next time someone wants to sell a stock he needs to call Mr. Warren Buffet and ask if it's ok.

This people do not understand that if they start taxing security transactions next thing they should tax all other transactions in all other markets: potatoes, computers, cars etc. The reason is that financial markets as the most efficient and free markets ( so far, with no transaction tax yet)...

Yes. No transaction tax so far. http://taxes.about.com/od/capitalgains/a/CapitalGainsTax_4.htm