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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Rick Faurot who wrote (16795)	7/29/2003 11:37:10 AM
From: LPS5	Read Replies (3) \| Respond to of 18137

The thing is, though, despite what all of these newspaper articles are saying, there's nothing on the website indicating that there will be contracts on terrorist attacks. What is said, however, is that economic, political, and other milestones...the incidence and confluence of which might indicate the likelihood of terrorist attacks...will be among the contracts offered. From the website: Three types of futures contracts will be offered on PAM: 1. Quarterly contracts based on data indices that track economic health, civil stability, military disposition, and U.S. economic & military involvement in Egypt, Iran, Iraq, Israel, Jordan, Saudi Arabia, Syria, and Turkey 2. Quarterly contracts that track global economic and conflict indicators. Specific possible events (e.g., U.S. recognition of Palestine in the first quarter of 2005) When trading starts on October 1, 2003, there will be contracts of the first two types that mature at the end of the 4th quarter 2003, 1st 2004, 2nd 2004, and 3rd 2004. On January 1, 2004, contracts that mature at the end of the 4th quarter 2004 will be issued. In this way, the forward view of PAM will be maintained at one year. 3. Contracts of the third type will be issued into PAM as specific potential events of interest are identified. While terrorism and other such events might fall within the third category, I don't see anything specifically alluding to that. Not, to be sure, that such would personally offend me. Markets are our 'thing.' While I'm not advocating not applying military force against them, what a coup it would be to potentially thwart them with our nonviolent forte. LPS5