search for: Gilead Warning of Hep C Patient Death on Heart Med Will Have “Zero Impact”
Also, read the one comment associated with this article.
I found a test report article about amiodarone. One of the conclusions was: "However, amiodarone has serious systemic adverse effects; furthermore, amiodarone has been suggested to be associated with an increase in mortality in patients with severe acute or chronic heart failure."
Class action lawsuit over arsenic levels in wine. The cheaper the wine, the higher the arsenic level. Just a glass or two of these arsenic-contaminated wines a day over time could result in dangerous arsenic toxicity to the consumer.
Now, is there a relationship between the price of flooring and the level of formaldehyde?
Scottrade recently created an options active trading platform which is run by Interactive Brokers. I have not had a chance to check it out yet, but it should be good since IB is used by a lot of professional traders.
It appears that the effect of contango on UCO would be more severe than on USO. A good indicator would be the fact that UCO had a 1:4 reverse split in Jan 2011. Throughout the 9 year life of USO, it has never had a reverse split. Comparing UCO to USO could be the equivalent of comparing UVXY to VXX. Unless you can properly time the UCO share purchases, it may be safer to just do option plays on USO.
Looks like it will be pinned to around 8 today. MM wants most of the options to expire worthless.
This is an article about the VIX in the new issue of FUTURES magazine.
Just search for "vix is coming of age" if the link does not work.
Goldman tends to overshoot their predictions.
This was their prediction from 2008:
"Arjun N. Murti remembers the pain of the oil shocks of the 1970s. But he is bracing for something far worse now: He foresees a “super spike” — a price surge that will soon drive crude oil to $200 a barrel."
The Brent / WTI spread is now around $10. This is down from $13, but is still abnormally high. The big money is probably playing this spread trade.
Options expiration is probably having an effect on the price of USO.
Just last month, WTI was briefly higher than Brent. As the spread gets wider, the trade will be Long WTI / Short Brent. This spread will eventually have to narrow. It should not come as a surprise that the OPEC countries will be holding a huge number of WTI contracts when they are ready to announce a cutback.