Will Wilson blogs:
Seattle’s 5 Spot has a new “Blue Plate Special” promotion, with the daily meal priced like this:
…we’re pricing these items daily according to the most
recent close of the Dow Jones Industrial Average. If the Dow closes at
8650, then your “square meal” will only cost you $8.65; if it closes at
7875, then you win your meal for a mere $7.87.
recent close of the Dow Jones Industrial Average. If the Dow closes at
8650, then your “square meal” will only cost you $8.65; if it closes at
7875, then you win your meal for a mere $7.87.
There’s a built-in stop-loss, too. They make a limited number of blue plates each night, and when they’re gone, they’re gone.
can i short it?
The price of the blue plate special is procyclical, not countercyclical. Its consumption is intended to be countercyclical…
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