Monday, January 7, 2008

Now that's a market movement

Has anyone checked out intrade lately on the status of the democratic race? Hilary is down to 25 (from about 70), Obama up to 70 (70!) from about 20 or so not that long ago. That's quite a movement in a very short period of time.

Intrade has gotten lots of press over the years for its ability to correctly predict the outcome of elections, but does anyone know if prior years have seen such volatility in the trading? My recollection is that the trading was fairly consistent in the past, but I could be very wrong on this.

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