Transaction Tax Bill has now been introduced

i think that is what it's intended for like the minimum 25K to daytrade stocks in 2002.


daytraders are thinking too highly of themselves for being providing 'liquidity' stocks can move 50% up or 50% down in one day in no volume.

 

colateral damage and fairer system is an oxymoron

the key is CME

they DIDNT cause TARP

the didnt get TARP

they're NOT EVEN ON WALL STREET!!!

and they're GONE if this passes

Govmt farm price support programs will cost more with less liquid commoodity market, as well as government farm service programs

CME is the key to this - they have to at least be exempt

 

this bill includes futures which have become a dominant force in the market. it's intended to destroy the CME casino

 

it's a ban on abusive market manipulation by people with large sums of money.

and institutions don't appreciate shorts profiting from downside.

 

CME does not take positions, hence would not pay tax.

The tax will hurt those who flip the contracts. Those who actually take delivery or hold for longer periods would be ok.

It would definitely hurt volume, because too much of CME volume is just speculation.

But what would really kill CME is excessive default on delivery.

 

+1

 

Maybe you should do some research, yes it was approved. It doesn't mean you can trade it yet. Check IB's Globex offerings and tell me if you find k200 OK? Options on k200 are more ineresting anyway.

 

LOL.

Who knew institutions never profit from short selling?

 

It's not going to raise $500 billion per year on derivatives. Looks like US stocks trade nearly the same dollar amount per year as derivatives do. At the proposed 0.25 percent, an RT on the ES would be $200. An RT on ZB or ZN would be $600. Intraday trading the way it is done now would cease.

The results, ZERO to negative revenue, would be the same for derivatives as it would be for stocks.


Derivatives are the most speculative?

The worst and most dangerous forms of speculation come from long term investors. They follow each other like sheep and lemmings.They trade like animals and act like animals with the same degree of intellect.

Two of the worst speculative bubbles and crashes were the 1929 stock market crash-with a 0.2% transaction tax-, and the current housing market crash.

 

are you DAFT?

must I connect the dots for you?

THey live on COMMISSIONS

take out people who trade the CME,

NO COMMISSIONS DUMBSHIT!!!!