Thanks for decoding the trading market. I never know what to make of it.
Another thing I didn’t mention explicitly about those “trading markets” is that they usually significantly inflate the likelihood of the more unlikely event... So, the true probability of President Bush being impeached during the next 2 years, for example, is probably far less than the 1:8 or so that it is being traded at now - I would estimate it more like 1:30, myself.