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Hurricane Bogle?
Old 02-15-2007, 04:40 PM   #1
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Hurricane Bogle?

The Chicago Mercantile Exchange (CME) has teamed up with the reinsurance company Carvill to create a new Hurricane Index (and related futures and options contracts) that should help insurers lay off risk.

The index is designed to improve on the popular Saffir-Simpson scale, which ranks hurricanes on a scale of 1-5. The inadequacy of that measure was revealed by Hurricane Katrina, which merited only a 3 rating, but caused untold destruction.
What ideas do you folks have about what kind of equities that this new "index" may contain?

Bus manufacturers? Mobile homes? Home builders? Any kind of construction? Water sellers? VISA card (for giving out a quick $200/head?)

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Re: Hurricane Bogle?
Old 02-15-2007, 04:42 PM   #2
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Re: Hurricane Bogle?

Shorting FEMA...
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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