The Long Palin Vertical Spread
As the market sighs and concedes a monster gap up, isn’t it good to know that there’s always a bull market somewhere? We’re speaking, of course, about the Intrade contract betting that Sarah Palin will withdraw (or, more likely, be withdrawn) as the Republican VP nominee before the 2008 election. If you were actually long this PALIN.VP.WITHDRAWN contract, perhaps you could hedge the gamble with some long 2008.PRES.McCAIN, on the view that these might be close to inversely…
Tuesday, September 2, 2008
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