Saturday, June 5, 2010

Betting on the news

Would you say it is a safe bet after the BP oil spill that the stock would fall this is called a put option i am told and that was a no brainer as is many other stories that hit the news. So this website called bet on news is much like a hedge fund that allows anyone with a nickel to join in on the action of betting on the news via the stock market.

A really great idea to allow anyone in the world to bet on the news and from what i tell is they only bet on the news the is a no brainer so instead of betting on every news story in the world that gets printed they only pick one or two a month to bet on. Or at least that is how i see it any ways what do you think of the concept of this website and would you join in for a nickel?

No comments: