A neuroscientist by day, and a crusher of Intrade by night. Starting in 2008, I've turned a single $50 deposit into more than $50,000. Follow me on Twitter here. Contact me at wiserthanthecrowd@gmail.com
I put up some offers on the Last Named Storm contracts. I don't think we'll see another storm this year.
1 comments:
Anonymous
said...
I think you are correct. The problem with this market is that some weather services get funding based on how important they percieved to be. I believe they deem it in their best interest to name more stormes than are actually significant. As was the case with at least one storm this year. I have been positioned all season for a low number of named storms, the only thing that makes me nervous is the possibilty of a named storm that would not be named or even mentioned in a year with 13 or 15 storms.
1 comments:
I think you are correct. The problem with this market is that some weather services get funding based on how important they percieved to be. I believe they deem it in their best interest to name more stormes than are actually significant. As was the case with at least one storm this year. I have been positioned all season for a low number of named storms, the only thing that makes me nervous is the possibilty of a named storm that would not be named or even mentioned in a year with 13 or 15 storms.
-js1983
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