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The more uncomfortable something makes you, the better the trade.

Great point. People who peddle "investing in futures" never give a single thought to roll effects. But good luck getting that point across to many traders who think that because the futures are correlated with the underlying, they work as an investment.

Yes, and good luck getting any customer service with many U.S. businesses now.

Could he be planning to do both?

http://www.lewrockwell.com/blog/lewrw/archives/023478.html

Hmmm....an excuse to eliminate 60/40 tax treatment for futures contracts?

Abu Dhabi is where all the cute kittens go.

buys = .5*(total volume + net volume) sales = .5*(total volume - net volume)

As GM goes, so goes the nation. The price of GM probably has limited downside because it will continue to be supported by the Working Group. Nice article about this: http://www.lewrockwell.com/decoster/decoster114.html

Risky because you may not get your money's worth. The floozy might rush you or act bored (common complaints). A great way to research all this is by reading the reviews of escorts at TheEroticReview.com P.S. Here in Texas we have brothels that operate pretty much out in the open. For example...

http://stason.org/TULARC/investing/bonds/U-S-Treasury-Bonds.html "Treasury securities generally are not callable prior to maturity. The exception is that prior to 1985, the Treasury issued marketable, callable long-term bonds, and many of them remain outstanding. The Treasury can redeem...

O Ye, of little faith

Quote from The New Market Wizards (Stanley Druckenmiller): "His [George Soros'] theory was that if a huge deficit were accompanied by an expansionary fiscal policy and tight monetary policy, the country's currency would actually rise."

+1

No, that's the difference between futures and underlying. Once you remove interest rates, the expected value of holding any, and I mean any, futures contract is zero. Right now: YuanDollar = .13045 CME YuanDollar July07 futures = .131545 The futures converge to cash, hence a .84%...

Wouldn't the expected Yuan appreciation already be reflected in the futures premium? The expected outcome of holding such a futures contract by itself would be zero. That being said, there was an interesting article in the Asia Times about the possibility of a huge, mostly unexpected gain in...

I have held Yuan and Swiss Francs with them for over a year. When my dollars were converted into these currencies I got murdered on the exchange rate--a rate much worse than what was quoted on, say, Yahoo finance. The Yuan appreciated steadily against the dollar, but it took about six months to...

I predict the following black swan after the announcement: index futures trade at the same price until the close!

For sure. Moreover the vix futures don't move in lockstep with the underlying vix index. Unlike stock index futures, there is no clear arbitrage mechanism between vix futures and the underlying index. Reason: vix cannot be replicated with a basket of options. The pricing and premium of vix...