ES Journal Archive (2009 - 2010)

startraitor · Nov 25, 2009

Per side, plus commissions!

1107x50(point =553250x.0025=$138.38

At these levels you are 5-6 points in the hole as soon as you open a position.

Quote from JSSPMK:

$140 tax per 1 ES contract?

tortoise · Nov 25, 2009

Quote from JSSPMK:

$140 tax per 1 ES contract?

only $140?

not as bad as i thought

tortoise · Nov 25, 2009

Quote from ganesh6:

wow, Thats very bad...

it will kill the futures markets in this country...they'll go dead...

pokito · Nov 25, 2009

Quote from startraitor:

Per side, plus commissions!

1107x50(point =553250x.0025=$138.38

At these levels you are 5-6 points in the hole as soon as you open a position.

I guess you can still trade DAX etc. and not pay a transaction tax.

ganesh6 · Nov 25, 2009

So the transaction tax will be less on ES options?

In that case options are better to trade than the underlying?

Trvlwanderer · Nov 25, 2009

Hussein will not be done until we all have government (sponsored if not direct) jobs and drab gray work uniforms. got to keep the loonies on the path.

JSSPMK · Nov 25, 2009

Quote from startraitor:

Per side, plus commissions!

1107x50(point =553250x.0025=$138.38

At these levels you are 5-6 points in the hole as soon as you open a position.

In that case I have it as 6-7 points, spread cost.

jjj1000 · Nov 25, 2009

This tax, which I do not believe for a second will pass, would absolute kill the market (in terms of volume). Also, I believe it would result in a major, major selloff (do you guys agree?). Now, who's the politician(s)/party who is going to be willing to be eternally branded as the one who sunk the US stock market? Answer: none - thus: it is not gonna pass.

bigb · Nov 25, 2009

Published: Saturday, November 07, 2009

Geithner shoots down transaction tax idea

"A day-by-day financial transaction tax is not something we are prepared to support," Mr. Geithner said in an interview with Sky News. In his concluding press conference, Mr. Geithner was asked repeatedly to say why he opposed such a tax on banks and indicated he doubted its effectiveness.

"This idea [of a bank transaction tax] has been around for a long time...I think frankly the experiences are mixed," he said, expressing an American view that there was no widespread backing for such a tax.

Canadian Finance Minister Jim Flaherty was similarly sceptical.

"It's one of the ideas that's on the table, but is not particularly attractive to me as finance minister of Canada. We have been a government that has been reducing taxes," Mr. Flaherty said.

Read more: http://www.nationalpost.com/related/topics/story.html?id=2197779

saliva · Nov 25, 2009

Quote from smilingsynic:

Not as manipulated as before the early 1930's.

Those were the good ol' days with Al Capone as your henchman, wasn't it?