Michael Jackson 's Memorial Service was great, for those of you who missed it. Wow! What a send off. Anyways, the market has been trending downward lately with crude oil leading the way. I thought that the big news for me yesterday morning was hearing that the head of the CFTC was considering imposing trading curbs on excessive speculation in energy and commodities . Whoopee! It's about time. I am all about making a buck, but I felt that the energy producers and the large institutions that speculated on oil and gas, which began in 2004, contributed to the price of crude touching $150 per barrel, which caused the price of gasoline to skyrocket and delivered the final death blow to the economy two years ago. I do not believe the U.S. economy can take another hit like that again. However, I believe the industry is still a good bet for long term profits, but not like what we saw years ago. If you want to invest in oil and gas companies and you believe that the industry may still b...
Exchange-Traded Fund Blog