"Obamacare" Intrade contracts just collapsed to 35 from 70+ in biggest short term swing of the year.

[AirForceGeorge]

http://www.intrade.com/

[BobbyT]

I find that hard to believe. Only $300 to market order it 25%?

I know Intrade markets are thin compared to real financial markets, but surely it’s gotten enough attention over the last few years, and the healthcare takeover a front-and-center enough issue, that there should be more liquidity than that.

Guess we’ll see tomorrow.

[chilltherats]

It’s back up to 66.6.

[autumnraine]

In english please.

[autumnraine]

I just assumed the meeting with women was about the abortion funding issue.

[catfish1957]

It’s back up to 66.6.

lol...reminds me of the stock market game my kid plays on Facebook.

[Ronbo1948]

I’ve heard an InTrade score above 60% would indicate passage of Obamacare, hence a fall to 35% would mean the tide is running against the bill.

...”...the bill’s chances of passage have been trending up in the InTrade political futures market, where prices now stand in the mid-60s. Anything above 50% can be interpreted as a bet in favor of passage. I don’t put too much stock in InTrade, because it tends to be a lagging indicator that responds to information that is already available. Yet this means that the information already available causes more traders to believe it will pass than not.” —Robert Tracinski

SOURCE:

http://ronbosoldier.blogspot.com/2010/03/obamacare-beware-american-ides-of-march.html

[Caipirabob]

Cool, thanks for the bit of good and interesting news!

[Caipirabob]

It’s back up to 66.6.

The staffers and G. Soros are awake and back at it again.

[altair]

So is this why Obama keeps changing “the date health reform will be passed” — because a whole bunch of insiders are trading on the information?

Hey, if it works for Algore and his carbon offsets derivative trading market ...