Monday, January 04, 2010

"aka Jesse Livermore" bemoans the scarcity of noise traders at Intrade

that he so expertly picked off during the 2008 election year.

Here was my wishful thinking for Intrade (well, Tradesports) utopia, a couple of years ago:
With increased awareness and acceptance of prediction markets, coupled with decreased transaction costs and regulatory barriers, more informational traders should come (and arb out the gamblers and speculators).

Be careful what we wish for?

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