8 December 2009 - 20:16Market Commentary 12/08/09

A fellow trader brought to my attention the following:

There is a bill being proposed that intends to put a 0.25% tax on trading
transactions (on the ES contract, if trading at 1000, this
would be $125.00 per side!). Passing of this bill would pretty much
destroy all trading, make the markets illiquid, cause the loss of
untold jobs and would make the markets susceptible
to crashes.
Please make your voice heard by going here to vote against this
bill:

http://www.rallycon gress.com/ greentradertax- traders-associat ion1/2644/ save-traders- jobs-do-not- enact-financial- transaction- tax/

This site will send letters to your congress person and senators
either by email or mail (your choice).

This is an important issue make sure you act in an effort to stop
such foolishness from passing.