Storage Markets explainer on prediction markets

Chris F. Masse September 8th, 2007

[...] It is a good time to look for low risk trades that might yield nice returns. For example, the market suggests there is a 6% chance that overall storage industry declined in 2Q07 compared to 2Q06. What do you think?

If you believe 6% chance it too high, then sell 2QDN if you already own the stock or short it if you do not. If you believe 6% is too low, then buy 2QDN or cover your short position. [...]

Cool.

Of course, the NewsFutures model (YES/NO) might be simpler to explain to newbies , but Storage Markets chose to go with HSX.