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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who started this subject	7/29/2003 8:08:55 AM
From: Louis V. Lambrecht	Read Replies (1) of 74559

Pentagon Prepares a Futures Market on Terror Attacks. Uhhh? They mean it! Better be able to read this than to be blind. July 29, 2003 Pentagon Prepares a Futures Market on Terror Attacks By CARL HULSE WASHINGTON, July 28 — The Pentagon office that proposed spying electronically on Americans to monitor potential terrorists has a new experiment. It is an online futures trading market, disclosed today by critics, in which anonymous speculators would bet on forecasting terrorist attacks, assassinations and coups. ...... The Pentagon, in defending the program, said such futures trading had proven effective in predicting other events like oil prices, elections and movie ticket sales. ..... nytimes.com news.yahoo.com darpa.mil policyanalysismarket.org Disclosure: the author has a spread position short an Airbus crash on Paris, long Saddam Hussein captured by X-Mas. He is hedged with an alert level orange through August. My! My!

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