Ex-IBM chief suggests 80% tax on short-term capital gains

[EPrado]

Quote from Kassz007:

Exactly. Could you imagine trying to value your investments when nothing has been bought or sold in 6 months?

Yeah. Maybe Gerstner should take a look what happens to markets when the freeze up/liquidity is gone.

You would think after seeing what happened with subprime/CDO's, etc that this idiot would know better.

 

[Anaconda]

Quote from EPrado:

There should be a day when all daytraders and algo's refrain from trading and let the "long term" guys try and get out of a trade. Good luck selling buying or selling GOOG with a 380 Bid 400 Offer.

Goldman & JP Morgan will be more than happy to provide the liquidity for the "long-term" guys while being exempt from the tax that keeps out the daytraders.

And the Ex-IBM chief will probably consult them on acquiring the servers to run their boxes.

Wake up.

 

[EPrado]

Quote from Anaconda:

Goldman & JP Morgan will be more than happy to provide the liquidity for the "long-term" guys while being exempt from the tax that keeps out the daytraders.

And the Ex-IBM chief will probably consult them on acquiring the servers to run their boxes.

Wake up.

I can't argue that point. Probably right.