Comment by Pete_Bertine on Intrade and the Dow Drop · 2008-10-02T20:50:50.000Z · LW · GW

Please take this discussion and these insights to www.cnbc.com and challenge some of the bogus reasoning that is passing for journalism there.

The claim made here http://www.cnbc.com/id/26977132 demands intelligent dissection.

Email fastmoney-web@cnbc.com and tell them why a statement like this...

As you can see from the chart, “there’s big volatility in this market and big volatility never happens in the middle (of a cycle). By all accounts big volatility only comes at the top or the bottom,” Worth says. And this certainly isn't the top.

...is nonsense. And that Worth should be challenged to provide a ton of references to back up his claim.