trader joe

By Yoni Cohen on Wed Mar 16, 2005 at 07:16:53 AM EST

When the opening bell sounds at the stock and commodities exchanges around the country tomorrow morning, the traders will be buying and selling the usual products -- crude oil, gold, Treasuries, the S&P 500 index. Off the floor, after the close, they'll also be shorting Duke, going long on Kansas, buying back Pitt, and dumping Alabama. When March Madness begins, Longhorns are just another kind of cattle future.

While millions of Americans will be tossing a few dollars into pick-the-winner office pools on the NCAA men's basketball tournament, the traders will be playing a far more sophisticated game with much more intensity for geometrically higher stakes.


Today's must-read...

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trader joe | 10 comments (10 topical, 0 hidden)

The best line (none / 0)

As I often find, the best line in the article is near the very end.

''The guys who do the best are those who gamble the way they trade," said the S&P 500 index trader. ''As opposed to being traders who are gambling."

by Joe Sheehan on Wed Mar 16, 2005 at 08:05:26 AM EST

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by Ghost on Wed Oct 14, 2009 at 04:46:44 AM EST
[ Parent ]

RE: 2009 - the year of papering over cracks (none / 0)

 Thank you for submitting this cool story - Trackback from Dotbot.  
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by decomo2 on Sat Jan 23, 2010 at 07:57:20 AM EST
[ Parent ]

There's a website for the trader in all of us (none / 0)

http://www.allsportsmarket.com/

by kevin on Wed Mar 16, 2005 at 11:52:46 AM EST

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by camadelibro on Wed Jan 20, 2010 at 12:19:38 AM EST
[ Parent ]

Also check out (none / 0)

Roto Guru's March Madness contest.  You short and long teams, conferences, and seed #'s at the start of the tourney.  There is no trading after it starts, but it's a similar concept to the market contest this article talks about.

by DavidH on Wed Mar 16, 2005 at 06:26:45 PM EST

Bioshock 2 announced (none / 0)

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trader joe | 10 comments (10 topical, 0 hidden)
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