by Smitty
As you look at the Intrade market for “Barack Obama to be re-elected President in 2012” it looks like #OccupyResoluteDesk could have some challenges ahead of his request for a 4-year occupation extension from the American people. Clearly that little thing happening in Wisconsin tomorrow can’t have anything to do with the rats jumping ship. The volume, in green, seems to have spiked in the market, even as the price appears to be doing a FaceBookPlant.
For all that, it’s not over until it’s over. Furthermore, it’s not over when
| the election is done. Listening to David Limbaugh on Hannity on the drive home, flogging his new tome, tempts one to think that maybe Obama’s administration is kind of a variation on Oppenheimer. |
I might put some milk money on Mitt.
“Stay on target!”
Keep the pressure going on Obamaniks. All the way to November.
Here’s hoping that he has the glide slope of the space shuttle…like a brick with wings…
I wouldn’t be surprised if Obama has Turbo Timmy using Treasury funds to buy Intrade shares to prop up Obama’s stock /
Looks to me like someone over a period of two days made a rather significant switch out of Obama and into Romney the graph for Romney is a mirror image for Obama’s in that it moves by about the same amount but in the opposite direction. Volume spike seems to match. Looks to me like a “whale” got out of Obama and it took two days to do it or a whole bunch of people got the same idea at the same time. Looks like a large move to me that took two days to complete.
The volumes are too low to mean anything. The pending share orders are all in the hundreds of shares, which isn’t very much at the contract price, and you can bet your tuchis the old hands there are hedging by staggering bids and asks at various levels.
By September after the conventions, it should be high enough to be taken seriously as one indicator.
I wonder what the odds are on the United States at this point?
Now that would be the thing I’d really like to see the odds on.