Interestingly Obama has followed through on the first of my big ideas in this thread on how to save the Country. He is basically creating a new Shadow market Committee and no other than Volker will be the lead voice. Chalk one up for stoney. In the long run Obama will make no bigger decision.
The second big idea is to put a big Gov tax on gas.
Then to announce that the hike on folks lucky enough to make more than $250K a year will be phased in, starting a year from now and the last phase will be the Bush tax cuts expiring. There will be no jolt.
Now for the third big idea... If you remember back when the DOW was soaring and the Nasdaq was deep in it's Internet mania, there was at that time a real serious discussion about putting US GOV funds, medicare etc. into the stock market. I rebelled at this idea at the time.
Now I embrace it. Now I know comparisons can me made to China in this regard but so be it. The very nature of the short seller in the States is akin to currency traders, if you show them a big enough side to a trade they walk away. Stocks will go up. A lot has been made about the Feds gun and how sometimes only showing the gun gets results you need not fire a bullet and sometimes you fire a whole bunch. This would be a big gun for the market.
Lastly for now, The G-20 should create currency bands and not allow fluctuations beyond a certain point. This would get rid of the Icfeland risk and the possibility of deflation sweeping the world.
I'm sure I have more good ideas but someone has got to start paying me. So as of today I am applying to the new administration to fulfill a new position " Investor In Chief. "
Went to a homeless/ church set up today and donated can goods and sang some silly songs.
I don't feel any better. I'm fighting like crazy with the wife- no one understands - It's so hard to be cheery this Thanksgiving. Or to give thanks. I'll try now in a small way I thank you all for listening and your suggestions and I just want to know am I the only guy on ET who just looked at his account this week? This inability to look must be dealt with but on two fronts. I happily day traded and made weekly money on most weeks- all spent - but now that I know the truth, I am much weaker in spirit. My wife made me look so I'll let you all draw your own conclusions as to who is at fault for my breakdown. GO GIANTS!
~stoney
The second big idea is to put a big Gov tax on gas.
Then to announce that the hike on folks lucky enough to make more than $250K a year will be phased in, starting a year from now and the last phase will be the Bush tax cuts expiring. There will be no jolt.
Now for the third big idea... If you remember back when the DOW was soaring and the Nasdaq was deep in it's Internet mania, there was at that time a real serious discussion about putting US GOV funds, medicare etc. into the stock market. I rebelled at this idea at the time.
Now I embrace it. Now I know comparisons can me made to China in this regard but so be it. The very nature of the short seller in the States is akin to currency traders, if you show them a big enough side to a trade they walk away. Stocks will go up. A lot has been made about the Feds gun and how sometimes only showing the gun gets results you need not fire a bullet and sometimes you fire a whole bunch. This would be a big gun for the market.
Lastly for now, The G-20 should create currency bands and not allow fluctuations beyond a certain point. This would get rid of the Icfeland risk and the possibility of deflation sweeping the world.
I'm sure I have more good ideas but someone has got to start paying me. So as of today I am applying to the new administration to fulfill a new position " Investor In Chief. "
Went to a homeless/ church set up today and donated can goods and sang some silly songs.
I don't feel any better. I'm fighting like crazy with the wife- no one understands - It's so hard to be cheery this Thanksgiving. Or to give thanks. I'll try now in a small way I thank you all for listening and your suggestions and I just want to know am I the only guy on ET who just looked at his account this week? This inability to look must be dealt with but on two fronts. I happily day traded and made weekly money on most weeks- all spent - but now that I know the truth, I am much weaker in spirit. My wife made me look so I'll let you all draw your own conclusions as to who is at fault for my breakdown. GO GIANTS!
~stoney
