Thanks for the link. I found this section especially distressing ..
The commodity ETFs weren’t living up to their hype, and the reason had to do with a word Wolf had never heard before. As he browsed the blogs, he says, “I’m seeing people talking about something called contango. Nobody would define it.” Wolf called his broker and asked about contango. “I don’t know what it is,” he replied. He called his other broker, at Charles Schwab. “He didn’t know either,” Wolf says. “He said he’d ask around.”
It always pisses me off, that complete morons get to become brokers/investment advisers on wall street and tend to easily raise millions of dollars to manage! It is like a blind leading a blind!
