Here’s the Intrade betting market contract for “Barack Obama to be re-elected President in 2012.” As you can see, not only have the odds of reelection fallen, the contract has decisively broken through both its 50-day (brown line) and 100-day (purple line) moving averages. Now, I am not a professional technical analyst. But I am pretty sure that when stocks do that, it’s usually seen as a negative sign, especially if it happens on higher trading volume, the case here.
Word has it that the Dem’s have budgeted funds to attempt to manipulate Intrade.
If Barokeydoke was a stock,he would be a “penny stock” traded OTC
And no doubt he’d trade on the “pink sheet”.
If Obama was a stock, the underwriters, board of directors and his officers would be on trial for fraud. He makes Enron look like a good investment.
If Obama was a stock…why not just use the NYT stock price as a proxy?
Four More Years ….. To provide his real birth certificate.