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Congress is abandoning ship! They are cashing out and moving to Israel.
Why Israel? Much nicer in Fiji...in Thailand. Cover themselves in hookers, blow and double fisting until the heart gives out.
...just made myself sad...now I want to die covered in hookers, blow and double fisting...sigh...
But isn't this at least partially because compensation is largely option based? In Canada, if you exercise options you run heavy tax risks unless you sell immediately.
That isn't to say that the image isn't grim--but you can't compare this to the market, say, twenty years ago.
Having said that, the options-based method of compensation is a means by which management loots the company at the expense of the "small" shareholders.
Correct...especially in the case of high PE stocks. Salesforce.com is a study in the opinion you express here. They have been systematically "looting" the "value" of those shares for years.
Follow the money...those who held the longest and sold last are the crooks.
My only other thought is this could be the end of the Bush tax cuts driving the selling?
The United States may be about to let oil giant TransCanada build 1,702 miles of pipeline -- they call it “Keystone XL” -- to funnel highly toxic tar sands from Alberta, Canada, all the way to refineries in Texas and Louisiana.
The only person standing between TransCanada and its plan to corrupt the American Midwest and vulnerable Gulf Coast in the name of oil profits is Secretary of State Hillary Clinton, who can either approve or deny the Presidential Permit needed to cross the US-Canada border.
Today is the very last day for public comments on the project. Please click here to sign the petition now, opposing the pipeline.
Keystone XL would endanger pristine areas of Montana, South Dakota, Nebraska, Oklahoma, Texas, and Louisiana -- as well as the Ogallala Aquifer, the largest source of water for drinking and crop irrigation in the country.
TransCanada claims the pipeline will be safe, but they said that last time, too.
When TransCanada was hammering through approval for their first pipeline, they swore the pipeline would only leak “every seven to eleven years” -- but its pumping stations have had 12 spills in just the last year. Last Friday, the U.S. Department of Transportation had to order TransCanada to shut down the pipeline because of ongoing safety concerns.
Right now, oil companies are pulling out all the stops to urge Secretary Clinton to permit this disastrous new tar sands pipeline.
Fight back against TransCanada and protect American health and safety. Public opposition is the only way to convince Secretary Clinton to stop the pipeline, so please sign the Sierra Club’s Change.org petition today:
Thanks for taking action,
- Patrick and the Change.org team
"Eensider buying? We don't need no steenking eensider buying!"
Whatever happened to Robotrader, seems to be missing in action?
Not sure, but he might be really busy just now bailing out of Netflix on the $14 per share high to low reversal...you know, since the P/E reached the moon exactly at the same point in time that some of their contracts [Starz] just increased ten fold.
Just a theory, mind you.
Hey 0Hedge, Al Little has released their completed report on SCEI:
"Ren further claimed in his shareholder letter that the Tongchuan plant produces and ships most of its CWSF at night to save electricity."
Okay, I get it.
In mainland China they turn off lights to see at night.
Interesting what sheer panic does to thought processes.
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