So many of you have emotional issues, stemming from your desire to be heard/noticed. Quit being so damn emo, especially when it comes to the markets. No one cares about your damn conspiracy theories, whether it be Federal Reserve secrets, Goldman Sachs’ crimes or “Bush did it.” Frankly, I think your life is a pathetic waste of time.
The reason why I don’t read blogs, especially financial blogs, is because 99% of them are either technical analysis based or of the conspiratorial cloth.
This here, buying and selling securities, is a very easy business. All one needs to do is find the stocks that are going up before everyone else does. It does not require that you embarrass yourself with worthless blogs, discussing far fetched theories of improprieties. America has become a classroom filled with Glenn Becks and I’m not gonna take it anymore. The next person to talk crap about Goldman Sachs, on this site, will be banned.
That’s right. I am siding with the “bad guys,” who happen to be the envy of global banking. I’m sure you ham and eggers would prefer Goldman to be a bunch of losers, like GM or AIG, so your newly minted communist government could bail them out and have them sucking on demoncat nipples.
My point is this: I don’t care about the noise. This website is not dedicated to the losers who talk a lot. We bank coin here, at least most of us do. So, before opening your big fat face, do yourself a favor and check your tin foil hat at the door.
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There out to get ya…..
Democrats push $150B stock tax on Wall Street
By Silla Brush – 11/24/09 12:05 PM ET
A House bill still being drafted aims to raise $150 billion each year to pay for new jobs.
Under a bill being drafted by Democratic Reps. Peter DeFazio (Ore.) and Ed Perlmutter (Colo.), the sale and purchase of financial instruments such as stocks, options, derivatives and futures would face a 0.25 percent tax.
The bill, a copy of which was obtained by The Hill, is titled the “Let Wall Street Pay for the Restoration of Main Street Act of 2009.”
Half of the $150 billion in tax revenue would go toward reducing the deficit, while the other half would be deposited in a “Job Creation Reserve” to support new jobs.
The job fund would be available to offset the additional costs of the 2009 highway bill and other legislation that creates jobs.
The Obama administration and congressional Democrats are looking for ways to create jobs after the nation’s unemployment rate hit 10.2 percent in October and job losses are expected to rise.
House leaders have mentioned the possibility of a tax on stock transactions, but House Speaker Nancy Pelosi (D-Calif.) appeared to raise questions about the approach last week. Pelosi said such a move would need to be done in conjunction with efforts in other countries.
“Obviously, we have to work with leadership on this,” said Leslie Oliver, spokeswoman for Perlmutter. “It has a long way to go, but the idea is to stir debate … We think this is one idea that makes a lot of sense.”
The stock tax measure specifies that tax revenue would need to support jobs that pay at least the median wage in the United States, promotes manufacturing jobs and prohibits any recipient of the $700 billion financial bailout from directly benefiting from the job reserve fund.
The bill aims to exempt retirement accounts from the impact of the tax.
A group of consumer watchdog organizations and labor unions sent DeFazio a letter this week supporting the tax bill.
“Your bill would put Wall Street to work for the public good, by placing a modest securities transaction tax on trades of stocks, options and swaps. A tax on these trades has little impact on the average investor or pension fund because they hold their investments for the long term, but it does disincentivize Wall Street gambling and high-volume short-term speculative trading,” the organizations wrote.
The groups include: Americans for Financial Reform, Public Citizen, the Service Employees International Union (SEIU) and the AFL-CIO, among others.
Yeah, stock traders are rich. They don’t need the money anyway.
LMFAO
Yeah Beaaatches!
Coin in Bank…… check
Family and Friends….. check
LAter.
Yes Mr. Jintao, what’s a few trillion between friends?
591 on RUT 1 point higher, and we take off.
HAHAHAHAHAH, This post Screams Truth.
Drama Queens and Dollar Slaves is the name of my new band.
fig -OUT!
Gene Simmons did it. Not only did he levitate the market, he levitates himself.
http://www.youtube.com/watch?v=_xdH-30hNiY
and check your tin foil hat at the door.
Pikers.
My hats are made out of palladium, which I bought at a greatly reduced price from some guy muttering about super cycles and something about going all-in in a “former” IRA, blah, blah, blah. Seriously, the guy was mumbling so badly I could only understand one word per sentence.
Anyhow, he assured me that only palladium could stop the CIA’s mind beams.
Nice JJ throwback
Goldman Sachs is God.
LVS short working like a charm. Now if only BAC and GE would shit the bed.
Why even bother to bet against government backed securities?
Are you telling us that is the best trade you can find?
Not looking to hit a home run on every trade in this irrational market. The trade is working out fine so far and LVS has some problems.
TMoe doesn’t recognize the irony of posting in this thread.
I notice it and know that the post was aimed at me, but like my feeling about you and the rest of the retards, I just don’t give a fuck.
This is a marathon not a sprint. I may lose some battles but I intend to win the war
No. I think the post was aimed at me and the entire Mr. Steve family. Mrs. Steve is going through menopause and she is so emotional. Her emotions caused her to throw a brick through Fly’s PT Cruiser.
I said I am sorry and Mrs. Steve is willing to mow Fly’s lawn for a month or shovel snow in the driveway, whichever happens first.
Don’t flatter yourself. You are just one of many beartards. There’s a “dopey” website out there for guys like you.
it is not aimed at tmoe. I like tmoe
The Fly Is God!
If the Fly is God then you are like the Holy Spirit…
Fuckin eh
It it doesn’t make me money, I don’t give a fuck.
It’s really that simple…
You said a bad word.
“No one cares about your damn conspiracy theories….”
damn was taken off the “bad” word list in 1992.
Really?
I thought this was 1958. Did you hear that the Russians will be sanding a chimp into space soon?
Sanding a chimp in space has to a) hurt like a bitch and b) make one hell of a mess with all the fur and blood floating around..
lol, I’m pretty sure that even the fucking ruskies didn’t “sand” the chimps.
Or was to save on the weight of their fur? Those rockets were held together by duct tape afterall…
Sorry about that fellas. Eddie Haskell stole my glasses and spell check for grammar isn’t invented yet. How about those Brooklyn Dodgers moving? The Cubs will win a World Series before New York gets another team.
Dear Fly,
I’d like a re-post of this when the DOW hits 10,500. I can’t even fathom how difficult this was or how many edits you had to do before hitting Post.
Chestnuts (GMCR) Roasting on an open Fiiiiiiiiiiire……
Next stop 57-58———>54-55
Look out below and Buckle-Up!
Indeed!!
+1
Now clean up the other Glenn Becks on your site … 😀
Yes MR. Fly you are right as usual, can I suggest that you change name of site to “MOJO Trader /Fed Note STacker”… that way the name would more corectly reflect the stragedy.
Let’s all meet at McDonalds and talk this over some value meals!!!!
No sense rock’n the rowboat even though we are 2K off coast and only one paddle!!
Shut up
Jump
TMoe shorts MAR
http://finance.yahoo.com/news/Fed-superlow-rates-could-fuel-apf-2316913196.html?x=0&sec=topStories&pos=main&asset=&ccode=
Record-low interest rates “could lead to excessive risk-taking in financial markets,”
Well no shit Sherlock! It is already happening
DOW will retrace it’s previous highs in the next 2 yrs. Write it down.
Time to dance with the devil in the pale moonlight. Buying DRYS, my arch-nemesis.
Fly, you sure attract losers.
By the way Goldman Sachs is a crock of shit. They are evil and part of a giant conspiracy linked with Zionism. Their goal is to take over the world.