I’ve been asking the same thing for the past week or so. Late last week he Obama dropping into the high 50’s and has slowly been moving up since then. I DO NOT GET IT!!??
What information out there are people using to get them to BUY Obama contracts >60??
If I had to guess, the people currently buying Obama contracts probably view Romney's surge in the polls following the first debate as a temporary bump, rather than a structural change in the race (or, if they think Romney's chances have increased, they think the decrease in the price of Obama contracts has out-paced the decrease in Obama's chances). If that's your view of the race, I could see how Obama contracts would look cheap now, at least relative to where they were before the first debate.