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Friday, August 10, 2007 4:14:14 PM
i also like the fact that he mentions the $4 trillion dollar business that is the futures market
Ebay transactions totalled 20 billion in '03, http://www.thebidfloor.com/ebay_statistics.htm ,
not sure what it totals now, but nothing close to $4 tril
Interestingly, Ebay's o/s is similar to that of spooz, and they are at a sp of over $30 last i checked
While Paul specifically said that Spooz wasn't trying to take on CME, he did not say Yahoo or Google were not thinking about it (with some help, ;) ;) ). Tie that to the fact that he says Spooz could provide the toolz to make this happen, and I don't know about you, but I get excited. Any possibility of this happening would cause a monumental shift in our sp.
All my wild interpretations of course... not investment advice!
have a nice weekend everyone... i'll be out of contact for a bit... looking forward to reading 1000 posts when i get back.
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
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