http://www.deredactie.be/cm/vrtnieuws.english/news/110704_DiRupo2 On the tax front the formateur did have bad news for the owners of shares and other financial instruments proposing increased taxation on share dividends, capital gains and speculation. Doesnt goes into the specifics though. The plan as it lays before know stipulates a a 50% capital gains year the first year of selling and a 25% capital gain tax the next 7 years of selling. Apparantly in Germany there is a 33% tax the first year of selling but capital gains are free of taxes afterwards and the rule was not retro active when implemented.
I want to give this 'price action' type trading(That seem quite popular in this forum) a fair shot in terms of considering if it can work or not but its hard. One proponent of this approach is someone called NoDoji in this forum, this woman apparently vouches for Pristine and Oliver Velez scams http://www.elitetrader.com/vb/showthread.php?s=&threadid=198328 Its funny, the vast majority of the time I find out about 'daytrading wizards' they turned out to have really weird stuff about them which makes me question their motivations and/or honesty. After all, its WAY more likely that someone is trolling some forum than that he/she is making massive excess returns from short-term trading
Bernanke trying to convince Greenspan not to hike based on employment to population ratio in Dec 2003 http://online.wsj.com/article/SB124571683373339299.html
Just 6 weeks to Jackson Hole. Incredible how time flies, especially in the summer. I expect the JH/QEIII meme will be behind the continued stock rally over the coming weeks. After the frankly, mind-numbing rally in risk assets over the past few sessions, if equities, the AUD, copper, etc. are not down very sharply today, we can conclude there's something more at work here.
I disagree, it went up only a little bit in my view, at least if by QE3 people mean more asset purchases. Iexpectations and inflation are a priority over employment according to how this Fed has behaved. Iexpectations are yet to come down materially Bernanke might extended the extended period though
Agree. Risk assets had every good reason to trade down heavily and close near the lows of the day: awful jobs data + massive rally since 27 June = sell sell sell. But instead equities and other risk assets closed at the high of the day. And not only that - have a look at the price action in some momentum stocks, such as SODA (+5%) VHC (+8% to 52w high) JVA (+19% to 52w high) LNKD (+5% to 52w high) P (+1.5%) YOKU (+4%). And then there is the action of bigger, slightly better quality stocks, such as AAPL AMZN NFLX PCLN ISRG BIDU which were green on the day. Although I thought the combination of the QE2 and weak economic data would send the stockmarket lower, Friday's action says otherwise.