“Intrade.com has Romney of fire with McCain going down in flames.”
Markets are always lagging indicators.
“Markets are always lagging indicators.”
Short of real time final election results, everything are lagging indicators. The media is the worst lagging indicator. Intrade at least have people putting their money where their mouth is in an immediate sense. They lose immediately if they are wrong. Pundits and polsters don’t have that problem. If they are wrong they don’t lose anything. They keep on getting their salaries.
So much for them lagging intrade indicators.