Prediction Market Details

	News As History - November 22, 2008
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StrategyPage's Prediction Market

"Many minds make quick work of uncertainty."

Event:	The Dow Jones Industrial Average will close the 2008 year above 11,000
Expires:	01/01/2009
Created:	10/07/2008
Pro Futures:	1	Value:	131
Con Futures:	261	Value:	1

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Le Zookeeper 10/10/2008 1:08:00 AM

The Dow Jones Industrial Average will close the 2008 year above 11,000
Dow is at 9447 right now.

You have 3 points in ur favor
1) The obviuos bear rally after the fall starting november

2) Dollar strengthens so money comes into US capital markets.

3) The Giants won NFL, 80% of the time when NFC wins stocks end higher for the year.

But you do have $49 trillion in derivatives or some debt instrument- total US net worth is $58 trillion. Imagine that. September 29th 2008 can also be the start of the great depression 2. DOW 7000 by next year likely- all becaue of AIG credit swaps etc. NATO could collapse. FRance is already blaming Wall Street (& US) for the mess. Russia may emerge as EU's major ally. 20% of assets in Gold is advisable as well as stored supplies of food for 6months.

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