December 12th, 2008
Having Fun On The Market Today
This could be one of those really bloody days on Wall Street, given the implosion of the rescue of automakers, piled on top of all the credit/economy/general weakness of nerves that the events of the last 18 months have spawned.
So it’s interesting to find that traders on the Financial Times’ market prediction game are strangely optimistic. The top contract for trade right now is for the Dow to finish 100 points or more down. The second most popular contract? For the Dow to finish higher!
The really big bets — minus 600, minus 800, minus 1000 — are largely untouched.
So if you’re not playing with real money today, you might as well get in and see how good your instincts are about which way the herd will stampede today.
Try “down 600 or more” it says here. Seems a safe bet.
Tom Steinert-Threlkeld is editor-in-chief of Securities Industry News, as well as a long-time media, technology and business journalist. See his full profile and disclosure of his industry affiliations.
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