Commodity futures, such as you mentioned at the end of your note, are a zero
sum game. Therefore the knowledge to be consistently successful grows
constantly (Kind of like an arms race does with weaponry). The futures
market for 'terror' developed by DARPA would eventually, IMHO, lure the
terrorists to invest (and back up with action) in order to fund their plans
or a hedge fund for their failures.
-----Original Message-----
From: Mark Wonsil [mailto:[log in to unmask]]
Sent: Thursday, July 31, 2003 8:15 PM
To: [log in to unmask]
Subject: [HP3000-L] OT: War Futures (Back to OT)
> "Betting markets even beat Hewlett Packard official forecasts six
> times out of eight at predicting HP printer sales."
>
> You should read the entire article at:
>
http://techcentralstation.com/1051/defensewrapper.jsp?PID=1051-350&CID=1051-
073003F
Here's another. Fortune was on this one way back in Feb/Mar.
http://www.fortune.com/fortune/investing/articles/0,15114,471785,00.html
A futures system sure seems to be an excellent way to dislodge information
from many sources. The lure of big makes a lot of people talk, especially
lower profile people who usually don't get the same rewards as the upper
level. Come to think of it, a bankruptcy futures market may help many
rank-and-file balance their job security with a win at the track. :-o
As for the Washington politicians, most really don't understand fiscal
concepts, so I take their comments with a grain of, er load of, well, you
know. As the article states, if a terrorist group wanted to make A LOT of
money, they would be tipping their hand by making the bet in the first
place. The secret to succeeding in a futures market is to know a lot about
the market. That's how a Suburban Chicago Girl made $60K in cattle futures
in one month. ;-)
Mark W.
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