I was watching Bloomberg Financial television this morning when Tay came in the room fresh from her shower. Since she uses propane as an alternative heat source, I teased her by informing her that the October Propane contracts in the futures markets were up 25 cents.She scanned the TV and noticed that there was a futures market in gold, silver, aluminum and just about anything a person could dream up.
Then she asks, "Is there a futures market in Diamonds?"
Immediately knowing what she's angling at, I reply "No."
"Why not?"
"They're just not a good investment. There's no way of making money in a diamonds market."
"Why is that?", she inquired.
"Because each diamond comes with a woman who will spend your fortune away."
Tay gives me a cross look. I start laughing.
Bluey stock advice: Short October Diamond contracts.
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