Nikola

Winners and Losers from Oil Contango

This is why I am... em... not concerned for the market and financial services companies long term. (?!?!)

Sure the derivatives imploded taking us all with them. But surely there's always a way to find a loophole and cheat.

So long as there is no oversight on building, new pyramids will be built inside our cities.

It seems like ETFs are becoming the new CDOs. A black box, offering a "schmuck retail investor" diversified risk exposure to something he normally cannot trade easily. And leveraged too, for your convenience.

They are not even waiting until we recover from the last fiasco of "packaged financial instruments." They renamed it, opened their office across the street, and kept selling.

Winners and Losers from Oil Contango

Hear, hear here as well. It's twice as bad on DXO. I lost some money there and was trying to figure out why. In the end I concluded it's all a scam, but couldn't quite put all the strings together. Now it makes sense.