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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Paul Kern who wrote (81354)5/1/2007 4:17:28 PM
From: Tommaso  Respond to of 110194
 
Thanks for the advice, however superfluous, since I have not had a stock account with Merrill for thirty-five years and since obviously I do own DBA from what I was posting.

I was just listening to Burton Malkiel talking on some radio program that I won't provide a link to because the host was so excrucitatingly irritating. He did mention commodities as an asset class that did not correlate (read: went opposite) with other financial assets. But he is so wedded to stocks that all he could reommend was investing in emerging market countries or in funds focused on commodity producers, and he didn't get any more specific than that. I didn't think much of his advice. Jim Rogers is much more specific, mentioning PCRDX (which is NOT a bond fund bust uses Treasury TIPS as security for its commodity positions). If DBA had existed, I imagine Rogers would have mentioned it in his book and other appearances.

Malkiel cannot responsibly recommend commodity futures to anyone. I would not be surprised to learn that he had some positions himself, since he is a very wealthy man who can afford to gamble.