Intrade needs to specify the expiry conditions more precisely.
Still, I remain short the contract:
Tuesday, August 12, 2008
Land-Ocean year-to-date temperatures 0.361 Celsius over baseline
according to GISS. Assuming the Intrade "Top 5" global warming contract expires according to the Land Ocean Index, Jun - Dec 2008 temperatures will need to average 0.82 Celsius over baseline. The annual record was set back in 2005: 0.62 Celsius over baseline.
Intrade needs to specify the expiry conditions more precisely.
Still, I remain short the contract:
Intrade needs to specify the expiry conditions more precisely.
Still, I remain short the contract:
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