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Date: | Thu, 31 Jul 2003 20:14:31 -0400 |
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> "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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