Recent trading results have been mixed, yet the activity in Europe is being watched with envy by investors in America, where individual funds are unable to float.

ECONOMIST: A battle is on for the spoils as secretive funds go public

Peter Shea, an attorney at Katten Muchin Rosenman who specializes in these funds, reports that despite regulatory uncertainty, sponsors continue to float new exchange-traded product ideas.

FORBES: The Forbes List Of ETF Best Buys

The Fed should announce that it will let the federal funds interest rate float, at the same time removing some of the excess money it created in 2004--05.

FORBES: It's the Dollar, Stupid (and Taxes, Too)