who cares if the markets we trade today as we know it close. They'll open up somewhere in some other country. Humans have a need for uncertainty. It makes life not so boring.
wrong as we have more misinformation on trader taxes. the wash rule doesn't apply to mark to market traders. a mark to market trader files under form 4797 and is designated as 475 c by the irs. what will stop day traders is when we enter a long grinding bear market were 80% of the public leaves the market. 2000-2002 was nothing as the public never capitulated.
Genije I think a wage slave such as myself will have to clear it up for these folks. Fellas, There is investing, there is trading, and there is extracting. Lately we wage slaves have been experiencing more of the extracting effects of your endeavors and less of the investing part. To be fair, you guys are a blip compared to the Big Banks, but it's the same game you all play. It's been going on for some time now. Personally, I think it was the end of Bretton Woods and the beginning of cheap money that started it. But what would I know? You guys are smart, but do you really think this life of tapping keys could be that lucrative ad infinitum? We all feel smart when we make a lot of money - unfortunatley for you Genije, seems like you're too well grounded and can't fool yourself. You gotta dumb yourself down a little. Anyone hear of "The Tragedy of the Commons?" It can apply to many other things - such as "consumers," "borrowers" and "small investors" as the resource in question. Systems both political and economic can only extract so much from them. I think we are headed for a world of pain this year. Hopefully we learn a lot of lessons in the process and don't go the other extreme that Genije fears. Cheers