In a move that’s akin to looking in a mirror with a mirror behind you… I am convinced that a long-term option on optionsXpress could pay off nicely for you during the next 12 to 18 months.

US secretary of state Conde Rice says Russia’s international reputation is in “tatters.”

But Andy Carpenter in Investor’s Daily Edge says the reality is Russia is emboldened by the simple fact that the US is no longer the world’s sole economic engine.

There is now a huge amount of money being poured into emerging markets infrastructure projects. The lion’s share of this cash will go to Russia, China and the Middle East. Smart investors now must think globally, says Andy…

The global investment trend is crashing into us at breakneck speed, says Andy Carpenter in Investor’s Daily Edge.

It’s a growing theme here at Contrarian Profits. As the US economy falters, many of the contrarian investment experts we publish daily are advising readers to go global.

Last week, William Patalon in Money Morning argued that every successful investor needs a China investment strategy,  and Taipan Daily editor Justice Litle wrote about how the most bearish man in America, Nouriel Roubini, is bullish on emerging markets. This from Andy…

It’s unfortunate that Sacvan Bercovitch already used American Jeremiad as a book title. Because, had you collected all that’s been written during the past six months about oil and mortgages and placed it into a single volume, its only appropriate title would be American Jeremiad, A Dark Prophecy. According to the media, dear reader, the end is very near.

It’s ironic, I think, that my “Wall Street Got Drunk,” hit a nerve with those who claim a moral superiority to me. I don’t get what morality has to do with a presidential statement.

Andy Carpenter in Investor’s Daily Edge says China now consumers 44 pounds of cooking oil per person every year. And this trend is growing at a rate of 10 percent a year.

This makes the Chinese the biggest consumers of cooking oil in the world. It also opens up a great way to profit.

China imports about 350 million tons of cooking oil each year. All that oil can then be recycled to create biofuels – by companies such as Gushan Environmental Energy (NYSE:GU). More from Andy…

Editor’s Note: The mainstream media loves to talk about the possibility of another terrorist attack in the US, says Andy Carpenter of Investor’s Daily Edge, but it almost always misses the point. Instead of squabbling over which election candidate would benefit most, Andy says coverage should focus more on the economic impact. The threat of a terror attack has a significant influence on investment, and could destabilize the US economy further…

A week that saw the war on taxpayers expand onto to several new fronts also saw US Senate Republicans win a pitched procedural battle to keep gas at the pump grossly inflated.

I know a guy in the financial newsletter business who sells his subscribers’ names to an oil investment boiler room for something in the neighborhood of $800 a name (and he’s not a very famous newsletter guy, so stop guessing).