Quote from libertad:
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http://en.wikipedia.org/wiki/Jonathan_Tasini
Check out the bio....
Background...."writer"....public media....
Another HAITI promoter....
ZERO background in securities.....
Every one of these polys ......
Have zero securties background but insist that they are
qualified.....
How stupid can it get ?????
Quote from jksn922:
This turd is going nowhere. If it were Nov. 2008, he would have probably gotten in, but not now.
It's a real bitch that Rudy Giuliani decided not to run for Gillibrand's Senate seat in 2010. Polls had Giuliani leading her by almost 10%. That could have been an easy steal for the GOP. Without Giuliani running, it will be an easy win for Gillibrand. I don't like her in that she's a Democrat, but she is more on the conservative side and will protect traders.
Quote from cstfx:
Don't count out Lazio. Gilly is going to fall under the Paterson shadow and that will have an effect. Dems don't like her because she's not progressive enough and Repubs don't like her because...well, she's a Dem.
Quote from jksn922:
Yeah, but Gilly will be more than funded, courtesy of wall street. It's funny in that these idiot liberals scream and rant that America is soooooooooooo outraged at wall street. I don't see it. Yeah, there are people upset about the bailouts, but after listening to Democrats tell the story, it's like their substituting the town hall outrage over their ridiculous health care bill, with wall streets bailouts. If you believe the Democrats when they claim this mass outrage at wall street, they are the same ones that tell everyone that the majority of America supports their health care bill, which is currently 56% opposed, 44% support. lol I have never seen a political party more full of shit than the Democrats.
Quote from TimeCorrosion:
The way I understand this tax is that a o.25% tax will be levied on the value of a transaction; e.g., on $10000 if the stock or option is valued at $10 and the transaction amount is 1000 shares or 10 option contracts.
This is unsustainable and the tax bill will be self-destructive if you do the math.
A 0.25% tax on the principal to open a position would mean 0.5% round turn, and 1% for 2 round turn trades. Most professional traders would do more than 2 trades per day and they would lose 1% of their capital (or the principal involved) per day regardless whether they make profit or not; and they will lose 100% of their capital in 100 days !!! Unless they make more than100% every 100 trading days, they will die !!! If they have to make 100% every 100 trading days (or 250% every year) just to break even, why the fcuk even to work? Might as well watch TV all day and get government unemployment benefits !!! If they make 250% every year, in a few decades, they will be the richest men on earth, but this has not happened. Can CitiBank or Goldman Sachs make 250% every year? I doubt it. But to survive this tax, they HAVE TO make 250% EVERY YEAR!!!
Or am I missing something?
Quote from TimeCorrosion:
The way I understand this tax is that a o.25% tax will be levied on the value of a transaction; e.g., on $10000 if the stock or option is valued at $10 and the transaction amount is 1000 shares or 10 option contracts.
This is unsustainable and the tax bill will be self-destructive if you do the math.
A 0.25% tax on the principal to open a position would mean 0.5% round turn, and 1% for 2 round turn trades. Most professional traders would do more than 2 trades per day and they would lose 1% of their capital (or the principal involved) per day regardless whether they make profit or not; and they will lose 100% of their capital in 100 days !!! Unless they make more than100% every 100 trading days, they will die !!! If they have to make 100% every 100 trading days (or 250% every year) just to break even, why the fcuk even to work? Might as well watch TV all day and get government unemployment benefits !!! If they make 250% every year, in a few decades, they will be the richest men on earth, but this has not happened. Can CitiBank or Goldman Sachs make 250% every year? I doubt it. But to survive this tax, they HAVE TO make 250% EVERY YEAR!!!
Or am I missing something?