Internet2k4

Wednesday Outlook: Commodities, Global Markets

The 3X funds are fun - I like minimizing absolute exposure for a cheap ticket on the roller coaster. After pulling the trigger too soon around $100, I managed to average into FAZ at $58 these past weeks and fully unloaded it between $82 and $88 yesterday - noticing the trading-screen opportunity accidentally, on an Obama-screen afternoon.

Re C and MS, and the rest, I feel like Eddie Murphy: "I can't be mad at you!" for taking history's biggest tax refund and using it to short the world economy instead of lending it to more losers. It's been a mean old (morally hazardous) world. Now that Vice-President Caligari and his Somnambulist Commander-in-Chief are gone, who knows? Maybe the guy in the driver's seat is actually in charge.

10 Things to Consider Before Investing in Forex

I tried a reputable dealer's demo account (not yours) and was continuously electronically nagged to get into the game for real - the butting in by the service provider was so bad I never did sign up. On my medium term time frame for trading, I'm happy enough with the CurrencyShares ETFs, and now ProShares is providing double-long and double-short ETFs for EUR and USD / JPY and USD pairs. The Forex platforms seem entirely oriented toward day traders to maximize their transaction spreads, a different stroke for a different folk.