[lbo-talk] Markets and the tooth fairy

alex lantsberg wideye at earthlink.net
Thu Jul 31 14:00:43 PDT 2003


Poindexter to Resign Following Terrorist Futures Debacle

http://www.nytimes.com/2003/07/31/politics/31CND-POIN.html?hp

-----Original Message----- From: lbo-talk-admin at lbo-talk.org [mailto:lbo-talk-admin at lbo-talk.org]On Behalf Of Brad DeLong Sent: Thursday, July 31, 2003 12:46 PM To: lbo-talk at lbo-talk.org Subject: Re: [lbo-talk] Markets and the tooth fairy

Currently on tradesports.com, their "Poindexter August 03" contract (which pays 100 if Poindexter still has his job on August 31 at 11:59 PM EDT, and 0 if Poindexter has decided to spend more time with his family) has hte following order book:

Bid-- 18 contracts @ 9, 10 contracts @ 1

Ask-- 1 contract @ 99, 3 contracts @ 93, 1 contract @ 69, 2 contracts @ 62, and 100 contracts @ 20.

There is thus considerable resistance to the Poindexter contract breaking upward of 20...

Brad DeLong

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