If you regard the Intrade market as a pretty reliable gauge of American politics, it’s worth noting that the presidential race has moved from a healthy Obama advantage to a virtual tie. And it’s happened quite quickly. Here’s a snapshot of the price of a share in Obama for president over the last 3 months:
Note the surge in activity over the last few days (shares traded are shown by the vertical green bar). Obama didn’t really begin to tank until September 3. (What could it have been that caused the slide?) Now take a look at the price of a share of Obama for president over the last 24 hours:
Judging by the history of the stock, now seems like a good time to buy at a bargain price. On the other hand, it could just be that there’s a better product on the market now, and this one’s headed for the remainder pile.
