Edward Jones Dropping Leveraged ETFs

The Edward Jones brokerage network says it’s dropping use of leveraged ETFs, according to a new report by Dow Jones Newswires’ Daisy Maxey.

You can read the story here.

Regulators To Allow UNG More Shares?

This commentary piece by money manager and newsletter writer Don Dion at TheStreet.com leads with a very vague statement: "The SEC will likely approve the 1 billion extra units for the U.S. Natural Gas Fund (NYSE: UNG), paving way for more investors to gain exposure to the natural gas market."

OK, but the real question is ... when? And it's a critical one to those putting money into UNG. The author doesn't really address that issue. But this piece can serve as a primer for those who haven't been keeping up with developments on UNG.

You can read the story here.

Bernanke: Fed To Remain ‘Accommodative’

In his semiannual economic review before Congress on Tuesday, Fed Chair Ben Bernanke pledged to keep a “highly accommodative” monetary policy for “an extended period,” according to Bloomberg News.

The central bank also sees “tentative signs of stabilization” in the economy, said Bernanke.

You can read the full story here.

Muni Investors Relieved By California Budget Deal

Well, it’s official. The most woeful budget crisis on the state level seems to be nearing an end to a very ugly period for investors in California muni bonds.

Late Monday night, state lawmakers said they’d finally struck an agreement to bridge California’s $26 billion budget gap. Two of the most current pieces came here from Reuters and in this short article at MarketWatch.com.