Snarkista hasn’t ALWAYS been your eyes and ears on all things in pop culture… years ago, she spent her time making people fabulously rich managing their investment portfolios. Stocks, bonds, options, mutual funds, futures…you get the picture. One can make money in any type of market, IF one is on the right side. If you think your investment of choice is going up…you buy- or go LONG. If you think your investment of choice is going down, you sell- or go SHORT. There are a gazillion ways to do this, and as this isn’t an investment site, Snarkista will end the lesson there.
Dublin-based Intrade is a place for betting enthusiasts to turn a small profit on everything from the latest auction of a painter’s works to Britney Spears’ chances of landing in rehab. Contracts on a possible future event are bought and sold by users of the site, like a stock on the New York Stock Exchange.
One of the newest contracts is on Sarah Palin withdrawing from the Republican Party ticket. Yes, you can roll the dice on Sarah just like you can on Exxon! Right now, a contract representing the odds of Palin dropping out (or being dumped) is trading at about a 15% probability.
This is pretty astounding, considering a veep hasn’t been dumped off of a presidential ticket since George McGovern announced and later withdrew Thomas Eagleton as his running-mate in 1972. McGovern and Sargent Shriver went on to win a whopping 17 electoral votes. In other words, DISASTER.
Still, people make money on disasters every day! Just ask the papz! Intrade just gives the average Joe more ways than before. So, will Sarah Palin stay…or go? Her big speech at the RNC is tonight. Place your bets ladies and gentlemen!