Intrade in the New York Times
Intrade in the New York Times. Now You Too Can Enter the World of 007 Finance. By James Pethokoukis. January 28 2007. Compared with button-down stock jockeys at Fidelity or T. Rowe Price, hedge fund managers may be the James Bonds of the financial world. They have a reputation for being secretive risk takers who use an array of specialized financial weaponry like derivatives and short-selling. No license to kill of course though their lightly regulated funds do allow managers tremendous non-lethal latitude.

And as long as youre in a hedging frame of mind remember that you can now hedge against real estate declines or speculate on the direction of housing prices. Last spring, the Chicago Mercantile Exchange started offering futures contracts pegged to housing price indexes in 10 major metropolitan areas including New York Chicago Denver and San Diego.

For that matter, why not go to Intrade, an online [prediction market]where you can hedge the 2008 presidential election. If you are a Democrat try betting Republican so that if the vote doesnt go your way you can take solace in the cash you make on election night.

http://www.nytimes.com/2007/01/28/b...zaw&oref=slogin

Author: Tradesports
Publish Date: Mon, 29 Jan 2007 09:52:23 GMT
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