Hurricane Futures Market opens Trading on Irene

[Derecho]

Just got a message from their mailing list...

http://hurricanefutures.miami.edu/

I opened an account with IEM and an initial investment earlier this month and got a notice with a username and PW on August 8; however when I logged in, I didn't have any choice of markets to go to.

I just tried now, still can't get to any market...has anyone else tried to sign up for this?

Shame they couldn't have gotten started with Irene a couple days ago, probably could have made some real money buying "no landfall" contracts.

[ameriwx2003]

I signed up as well and had the same problem.. I e-mailed them and they replied today and they told me the Hurricane Futures Market hadn't opened yet. I asked when they thought it would open and I will leave a message when they reply back with that answer:):)

[Trader Ron]

I'll stick with Stocks.

[WeatherEmperor]

I'll stick with Stocks.

so will I.

<RICKY>

[Derek Ortt]

an update on this

I got the same log in problem for this. Site mantinence

There is a possibility that the feds are going to limit this only to ceded accounts given to those at universities. Max Mayfield has been extremely unhappy about this market during recent weeks and the feds may be restricting access based upon the latest that I have heard

[ameriwx2003]

I just found this article on the net.. Looks like we won't be trading anytime soon :):)

http://www.duluthsuperior.com/mld/dulut ... 371444.htm

[Derek Ortt]

I'm able to trade now with no problems. However, not sure if it is restricted just to mets with ceded accounts

[ameriwx2003]

Derek... yep... the General Public at this time can't trade.. It was also confirmed to me in a e-mail reply from the IEM this Evening:):)

[Derecho]

Yep, I got an e-mail that they're returning my uncashed check to me.

Really disappointed with Mayfield; it seems people have this visceral hatred for this sort of thing on an emotional level.

Seems similar to the outcry over the Pentagon Terrorism futures market, which could have been a valuable tool.

[Derek Ortt]

I am having some trouble following his line of thinking on this issue as well

[Wthrman13]

Yep, I got an e-mail that they're returning my uncashed check to me.

Really disappointed with Mayfield; it seems people have this visceral hatred for this sort of thing on an emotional level.

Seems similar to the outcry over the Pentagon Terrorism futures market, which could have been a valuable tool.

Yep, on the tropical cyclone research email list I'm subscribed to, several folks have expressed their intense "dislike" for this market as well, which I frankly don't understand, but if they don't like it, that's their right, I guess. I get the distinct impression that many in the research community feel that any sort of market trading like this is inherently "dirty". I haven't subscribed yet, but I was thinking about it. One of my friends here at OU who does tropical cyclone research recently subscribed with no problems. It sounds interesting. Unfortunately I have absolutely no clue about market trading, so I would have to get up to speed on the rules.

[jimbo]

Intriguing, haven't heard of this before. Not knowing the particulars I would posit: real money, bad idea........private/coporate profit form the accurate prediction of landfalling TS's is a potential nightmare and regulartory catastophe. I think that would be obvious.....maybe not. Use 'monopoly money' and publishing the results of the study might very well result in a new candidate for Max's job (3 years, top 3??). There are a bunch of ProMet's here and a ton af amatuers that post pretty cogent tropical analysis based on the current obs and the models/patterns. I can only imagine a REAL measurement of our folks vs. the Lyons, Bastardis, Avilas, Franklins, Knabbs, and Stewarts (apologies to all left out) would bring to the table. Ultimately, the result would be the saving of lives and the minimization of property damage in the danger areas, to evreyone's benefit, well most anyway.

[Jim Hughes]

Yep, I got an e-mail that they're returning my uncashed check to me.

Really disappointed with Mayfield; it seems people have this visceral hatred for this sort of thing on an emotional level.

Seems similar to the outcry over the Pentagon Terrorism futures market, which could have been a valuable tool.

Well the outcry about the terrorism futures market had some foundation at least. One could buy a certain way and cause the terrorism. This is a whole different ballgame

Nobody can manipulate a hurricane's intensity level or landfall unless you believe in the rumor about how the military can by way of using HAARP. (High Frequency Active Auroral Research Program)

I guess they would have to practice on something sometime. Weather manipulation was supposed to be in place by the year 2012 if you read earlier documents regarding military strategy.




Jim