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Prediction markets give Obama 60% chance of winning nomination....

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calteacherguy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-06-08 10:12 PM
Original message
Prediction markets give Obama 60% chance of winning nomination....
Edited on Wed Feb-06-08 10:13 PM by calteacherguy
Before Tuesday, prediction markets had him with a 40% chance.

www.intrade.com

And the pundits say nobody won. :shrug:
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onehandle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-06-08 10:14 PM
Response to Original message
1. So predictions are stronger than actual votes to you?
Interesting.
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calteacherguy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-06-08 10:16 PM
Response to Reply #1
3. Tied in votes so far, and we have the momentum and the resources.
Markets trade on momentum and resources.

:hi:
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onehandle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-06-08 10:22 PM
Response to Reply #3
4. But you obviously think that the pundits shouldn't be calling it a tie.
So they should skew in favor of what may be instead of what is?

Like Fox News?

:shrug:



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jlake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-06-08 10:14 PM
Response to Original message
2. They seem to swing 20 points a day whenever there is any news - nothing more than people trading
on their fleeting feelings.
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skipos Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-06-08 10:29 PM
Response to Reply #2
6. You are 100% wrong
I watch intrade everyday and the Hillary/Obama ratio has never swung 20% without a big event. Clinton was at 58% during the NV caucuses, and went up when the results came in. She has been between 60% and 70% until yesterday.
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Bullet1987 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-06-08 10:26 PM
Response to Original message
5. Obama's bump in the markets likely comes from Hillary's money problem...
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