Watts Up With That?
Friday, Oct 2nd, 2009
We knew this was coming. Carbon Financial Instruments are now trading for 10 cents per metric tonne on the Chicago Climate Exchange. I wonder if the investors are reacting to the Hockey Stick Implosion news? As reported on WUWT, less than one month ago it was 25 cents a tonne, and a year ago it was over 1 dollar. The all time high was May 2008 at over 7 dollars a tonne. Today: poof.
Source: http://www.chicagoclimatex.com/market/data/daily.jsf Looks like there was a big sell-off today. Carbon Investor confidence must be “unprecedented”.
The chart is only a sliver from rock bottom:
Anyone who was a founding member at 1 dollar has now lost 90% of their investment.
Tough noogies for them.
In other news, Zimbabwe dollars are still selling for higher value than CCX CFI’s on Ebay.
I wonder if this fellow might have to drop his price for the domain name? Maybe he’d take a barter deal for some CCX instruments?
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