ETF Speculation ‘Insane’ for Longer Term, Bogle Says: Tom Keene
June 18 (Bloomberg) — Speculating through exchange-traded funds isn’t prudent for longer-term investors, according to John C. Bogle , who created the first index mutual fund in 1975.

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In the short term, I think it is clear that speculation affects oil prices, but over the long term, I am less than convinced. Specifically, with all derivatives, there is someone on the other side of the deal; it is a zero-sum game unless someone takes delivery. If speculation drove the long-term price of oil, it seems to me that the speculators would be required to take delivery of the oil at some point in hopes of selling it at a higher price. If the speculators are not taking delivery, supply and demand must dictate the price of oil as the long-derivative speculator simply offsets the position of the short-derivative speculator until the contracts settle or expire. Since speculators who do not take delivery are not affecting supply and demand, how could speculation cause a long term increase in the price? News commentators continue to bang the drum of speculation causing the price rises, but I remain unconvinced. Now is your chance to convince me where my analysis falls short.

What is meant by the term valuation in stock markets?How to valuate a company?

Given the current market volatility-would’nt it be more profitable to trade short term, no fee, mtual funds as opposed to stocks and options for steady income? Mutual funds that allow you to go in and out every 30 days without penalties. There are lots of them and the markets keep going down.

Grow Taller

I want to know how I can volunteer for short term housing for homeless children from the Haiti dissaster. Who cAn I contact in order to do this? I am interested in taking in 1-3 children into my own home similar to foreign exchAnge students. Thankyou