I posted a similar comment on the NYTimes. It would take a lot of the insanity out of the market. The 5 day term is perfect because it forces the speculator to decide between the tax or having to hold their position over a weekend where an unseen event could prove fatal to their goal.
I posted a similar comment on the NYTimes. It would take a lot of the insanity out of the market. The 5 day term is perfect because it forces the speculator to decide between the tax or having to hold their position over a weekend where an unseen event could prove fatal to their goal.
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