The morons at CNBC aren't smart enough to realize that if you kill short term trading, you kill CNBC????? Unbelievable.
Send a note to inform them. They are reading them. Erin read a couple on the air after the break. http://www.cnbc.com/id/22898571/
This is not some crazy congressman from OR. This is the Union. It could get ugly. Best to just nip this in the bud. You can call the AFL CIO and let them know what a mistake this is. Their number is 202-637-5000. If you were ever a member of a union, let them know it. If you support the union let them know it. Then tell them what a crazy idea this is...
I remember the last time things felt like this, back before the @#$ 25K PDT rule was passed; people saying no way.. and remarkably that stupid rule is still in effect and nobody repealed it. I can understand 5-10K, so there's no more "I bought an island using my magic software from a laptop on my bed at home" bs commercials etc... but not 25K. Now it seems some people are trying to completely, for all intents and purposes, take away our ability to day trade stocks, which is bad. Let's hope that bill dies a quick death; unfortunately from the way things are worded, they're trying to make it sound like just big firms profit from day trading, which isn't the case. -K
I did email CNBC, as well as the AFL-CIO, informing them that I will hereby be boycotting all union goods, services and retailers. I guess two can play the class warfare game.
Well so far this bill , other then its sponsers has no friends on the Hill, its been sitting on the hill in its referred status since Feb 2009. They are letting it die, so when we see some other status , thats the time to worry. For now sit back and trade and of course email your congressman. No sense in worrying about something that has not gotten any traction where it counts, Washington.
I just emailed Erin and explained to her that passing this law might cost her a job. Maybe she'll get it.