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Market bets on Obama
Sometimes it helps to tune out the noise of the delusional (pro-C) or angst ridden (pro-O) crowds and look to what the markets are saying.
Obama's numbers are surging today in political futures trading on Intrade. His odds are back to where they were pre Wright.
Hillary, on the other hand, is continuing to tank. Down 5% less than 24 hours before NC and IN go to the polls. Only a week ago political futures traders were giving her a 27% chance of winning the Democratic nomination. They are now giving her a 22.5% chance.
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Comments (2)
Intrade -- purely reactive and totally uninteresting.
May 5, 2008 9:52 AM | Reply | Permalink
A reactive futures market? Hmmmm. If you look at the charts, you will see that they were far less reactive than the polls or the media. I guess it is the real money being placed on the outcome which forces the 'investors' to look at the fundamentals rather than the noise.
Compared to the daily polls, intrade has been a relative sea of calm.
May 5, 2008 2:53 PM | Reply | Permalink
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