Submitted by Tyler Durden on 10/03/2012 21:53 -0400
Intrade
Obamacare
The first debate is still in progress, but the habitual gamblers who have a compulsion to bet all the time 24/7 on event outcomes have already spoken via their favorite venue InTrade, and the initial reaction is not favorable for the incumbent. Having traded over 70 for nearly two weeks, the "Obama for president" contract flash crashed below 70 promptly for the first time in many days, and has slid 8% in the past few minutes. Naturally, the contract has quite a bit to go until parity. On the other hand it does bear remembering that when it comes to predictive capacity InTrade odds are notoriously bad: just recall the Obamacare gamble when virtually everyone on InTrade was certain it would not pass. All that said, at least according to InTrade it appears that the first presidential debate has not gone quite as the current president might have planned
http://www.zerohedge.com/news/2012-10-03/obama-contract-slides-intrade
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 
