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"The Atlanta-based firm said it would launch the ETF on the American Stock Exchange, charging 0.85% in annual fees." Ridiculous fees for what is an index fund. But they get away with in the commodity area. When interest in commodities wanes, the fees will come back down to reality.

First of all, IB does not have automatic rollover of futures positions. They only have automatic rollover of the quotes. Many have been fooled by this. You have to rollover the positions on your own. In a buy and hold situation, it makes no difference if you buy $64000 worth of SPY or 1...

Based on what you said, an ETF sounds better. The biggest advantage of ES futures (besides leverage) is the 60/40 tax treatment. But if you plan on holding for more than a year, 60/40 actually hurts you. And then there is the rolling over every three months which takes a bit of work and...

Hey, I like Gumby and Pokey. I think they are the Blockheads.

http://www.cnn.com/2008/US/07/07/iraq.uranium/

I'm sticking with 882.2 until they force me to upgrade. Why mess with it when it works? Unless you need the new features, which I never do. Now, if they fixed the old features that didn't work (API portfolio/account updates), I'd think about upgrading.

Treasuries declined after the government auctioned $6 billion of 20-year inflation-indexed securities to yield 2.219%, higher than the most recently-issued securities had been trading before the auction closed. Demand seemed lackluster as investors bid for 1.58 times the amount of debt for...

I want my money back! I sure will miss the Mad Magazine of trading.

Which is never....

Let's hope the attack on speculators along with the push for higher taxes from one Presidential candidate and the ruling party in Congress doesn't eliminate this.

Maybe it's a scheme to push the price of Citi down so that Goldman can take them over.

"Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street. When you read contemporary accounts of booms or panics the one thing that strikes you most forcibly is how little either stock speculation or stock speculators to-day differ from yesterday. The game does not...

What kind of Mozart? Symphonies? Opera? Piano sonatas? It makes a big difference. Personally, I think Ennio Morricone is the best for trading.

So we need more speculators, not less....

You are talking about Congress, right? Or are you talking about oil execs?

Soros knows a thing or two about manipulating markets, having done it before and maybe still doing so.

Congress can then hold hearings blaming Exxon and OPEC for not increasing production while they restrict domestic production.

The US has oil, but Congress won't let us drill for it.

S&P earnings without oil? Why aren't you guys complaining about this like you complain about CPI/PPI ex oil and food?

I normally say I am a "speculator." With a confused look on their faces, I then get asked what I speculate in. "Financial futures." At that point, they normally faint or run away. Among finance people, I say I am a "quant" or "quantitative analyst." And when people say "you mean a...