Time for a little follow up on the SKF that ate Pittsburgh. So let's see, SKF traded 21,281,331 shares on Friday. With a close of $250.07, that translated to $10,640,665,500 worth of the Dow Jones financial index that changed hands. JPM makes up 8.65% of the index, so that translates into $920 ... Read more

One of my twitter friends passes on this post from Ivanhoff Capital. Double and triple leveraged ETFs were constructed to serve mainly as short-term trading vehicles. The reason behind is that they reflect the daily change in the underlying index (or basket of stocks). ... Read the full post ... Read more

How did we get here?  Three useful perspectives, one from George Soros (in the New York Review of Books, of all places), one from Mary Meeker , and one from Charles Morris . "The past is a foreign country; they do things differently there."  It's good to know how we ... Read more