Foreign money trying to influence election.
If they cut their losses now, they lose. Lot of money on buys in September when Obama was at 70-80 in September.
I’m guessing, they are holding out hope for an Obama comeback. Just like the stock market. But eventually they’ll have to cut their losses.
ping
Bingo.
Intrade is partly an indicator, but there is also a (lot) of money in my opinion, being used flat-out spent to influence intrade.
You can get as much bang out of buying up intrade, as you can on an ad.
I firmly believe there is a (lot) of intrade being bought right now by Obama’s supporters.
Not to win. But to influence the percentage.
I do not trade intrade, but I bet there is a fortune to be made by betting contrary to that.
Just saying...