Politics and Public Opinion

If Obama was a stock, this chart would make you want to short it

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.

6 thoughts on “If Obama was a stock, this chart would make you want to short it

  1. 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>