Fibonacci Rules - Sometimes, the Old Ways Are the Best!
Week in Review - Secrets to Timing the Dow Revealed!
Warren Buffett's Daring Derivative Deal Does Well - How You Can Too!
Berkshire’s 4th quarter results were propped up by Buffett’s $1.05Bn gains in derivatives betting (something Buffett himself once called "weapons of mass financial destruction" but, as we well know - if you can’t beat them…), which accounted for 1/3 of Berkshire’s $3.06Bn profits.
Yesterday on CNBC, Ron Insana (who is now my colleague at theStreet.com even though I’m quite certain he’s never read anything I’ve ever written) commented that individual investors should not be speculating in the currency markets using leverage and futures products. He seemed to be saying that even currency ETFs probably are unnecessary as well.