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January 22, 2008

Over/Under on the Dow Close Today

I have a just-for-fun over/under bet with my friend Barry -- who has up a typically lucid and compelling analysis of the Fed's actions this morning -- that, regardless of where you think things go in the next weeks, the Dow ends today in the green. He, being a more ursine sort, has taken the other side of the bet.

So far, after getting close to break-even, with it only down 50 a short while ago, the Dow has turned tail and is tanking again. It's looking bad for for me and for the Plunge Protection Team.

Update: I lost. Dow down about 136 looks like it will be the final. Darn. Ritholtz will be insufferable.

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