h a l f b a k e r yBirth of a Notion.
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Let's see: we have markets in futures for everything from wheat, gas, oil, soy, stocks, hogs, and innumerable other things. Why not bobbleheads? It would cover everything from football player ones, NASCAR drivers, and even good old Obama himself.
The main function of a futures market is to allow people
to hedge against the change in price of a commodity or financial instrument, thus minimizing losses if it moves against them. A secondary function is to allow speculators to bet on future price movements. It seems to me that people who buy bobbleheads in significant numbers (i.e. 100,000 or more, so a wholesaler for instance) would need to hedge against the price changing before they can offload them. This market would allow them to do that.
A contract could be established on the NYMEX (now part of CME Group). The symbol would be BOBL, and one contract could control 10,000 units. A one penny change in price would therefore mean a gain or loss of $100 to the contract holder.
you could cash in on the Collectible People collections
http://www.bobbleheads.com/
[xandram, Apr 12 2010]
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Actually, I consume ham WHILE trading oil futures, listening to the radio, driving and juggling hand grenades quite frequently. It does cause me to spill milk, however. I do collect the caps from the milk bottles though, and have indirectly helped identify a murderer (by being part of the line-up). |
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So, it's no stretch to me that all the other combos thereof are plausible. |
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Especially juggling murderers. |
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Eagerly awaiting [ZT]'s posting of 56 new ideas |
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I disagree with zen_tom The idea here is a futures trade in
celebrity. The really clever thing about it is the concept
that bobbleheads reify notoriety. The price of a
bobblehead reflects the market's expectation of that
person's future fame. That's why bobbleheads aren't just a
randomly selected commodity. |
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Celebrities come and go. Odd, unexpected people
become extremely famous, but you can't tell if their fame
will last, or if they'll turn out to be nine-day-wonders.
There are "blue-chip" celebrities (heads of state, supreme
court justices), and you can try to make rational
predictions (e.g. before the last US presidential election
you might have sold McCain and bought Obama based on
polling results) but you can still guess wrong (if you sold
Palin short, you'd have made a big mistake). If you'd had
inside dope on JK Rowling, you'd have made a killing. |
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They're 3D characature toys, normally celebrities, the heads, on
springs, bob up and down and wobble too and fro, bob +
wobble + head = bobblehead. That's 'b' as in 'boy', 'o', 'b' as
in 'boy', 'b' as in 'boy', 'l', 'e', 'head'. Bobblehead. |
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Ideas CAN recombine, like DNA, to create new ideas. Whether
they are good or bad is selelected by the 'audience'. |
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This idea is funny and wonderful to imagine, people seriously
betting on Bobblehead Futures. |
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I like the Listen to Milk idea name. I would Drive Ham in a pinch.
+ |
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