Maybe We'll See Volume Now- Enron Contracts Get Ink

http://www.click2houston.com/news/8832136/detail.html

Unlike the political contracts, which were quoted along side poll numbers, legal contracts are still a novelty. It’s hard to describe the contracts in a sound-bite if you have never seen them before.

"That roughly means that people who don't care about risk think there's a roughly a 68 percent chance. The market as a whole thinks it's 68 percent," said Nat Wilcox, a UH professor of economics.

Wilcox said traders in the futures markets are basically making bets using whatever information they can get.

"Markets are a way of combining lots of people's private information about something," he said.

Why wouldn’t the traders care about risk?