The Justinian

If you read my article on trading oil futures, you know that trading oil can be very expensive if you’re on the wrong side of the trade in terms of the carry charge. Another option worth exploring is the oil ETF, short for exchange traded fund. For a general explanation of the term […]

I’m going to get a bit technical here, so please pardon me.
However it’s well worth it if you’ve ever invested in an instrument related to the price of oil, or if you look to in the future. There are far too many ways to invest in oil, and some of them are not […]

Not long ago the United States tightened laws against online gambling, immediately crippling and bringing online casinos to their knees.  Now the Las Vegas Sands plans to launch their own online platform, starting in the United Kingdom. Their stock price (LVS) is up about 140% in the last twelve months.
From Reuters:
Las Vegas […]

Hedge funds recently ticked up above the $2 trillion mark after record monthly inflows. Mutual funds, not to be outdone, themselves passed the $10 trillion mark according to the Wall Street Journal:
Mutual-fund assets surpassed $10 trillion for the first time in October, according the fund industry’s trade group, the Investment Company Institute. Mutual-fund assets […]

I’ve made mention of the fierce NY-London financial rivalry in a previous post. For the uninitiated, the basic argument is that restrictive laws and policies (like Sarbanes-Oxley) have caused New York to lose its edge in financial markets. Large companies looking to go public have instead turned to London and in many cases […]

General Motors shares continue to tumble down to 31.09 from 32.61 yesterday, after pushing 36 last week. Kirk Kerkorian decided to cut his investment and move it toward the gaming industry. Business Week had an article about it. Here are some of the highlights:
On the same day, Nov. 22, that Kerkorian’s company, […]

Bid $5 billion. That’s what the Nasdaq chose to do in its latest effort to purchase the London Stock Exchange. The LSE has twice rejected Nasdaq’s offer, first for the equivalent of 950p (in March 2006), and this time for over 25% more, or 12.43 sterling. It seems the American exchange that […]

Dreaming of one day running your own hedge fund? You may be too late to the party. As more and more managers have chased after the potential for compensation in the tens and hundreds of millions, the returns offered by funds have dwindled substantially, to the point where funds are not even able […]

This is a no-brainer right? Practically all of the major Web 2.0 sites are in the United States. Craigslist, Digg, del.icio.us, YouTube, technorati, etc to name a few. Granted, the $1.65 billion YouTube sale was to a public company, but it didn’t IPO. Europe will be first as Deutsche Bank […]

This issue is one of the more divisive in the trading world. Few traders have a middle-of-the-road view on it, and perhaps with good reason. Some of the most notorious hedge fund collapses in history, including Amaranth and Long Term Capital Management, have been partly blamed on strategies that involved “throwing good money […]