Chicago trader, car nut, sports fan and political junkie. "Flying Debris" refers to warning signs behind the staging areas at drag strips. I happen to enjoy the sign reading "Caution Flying Debris Please Stand To The Right". Others may take amusement and solace in the sign over on the left side of the drag strip. Please don't look for much (if any) quarter mile blogging.
Thursday, October 30, 2008
Hillary Still Bid on Intrade
I wandered over to the Intrade site yesterday to have a look at the easily influenced Presidential Campaign markets and was surprised to see that Hillary Clinton not only had bids but had rallied yesterday (on volume of about 740,000), sure the rally was only to 1.7 but it got me thinking, surely people do not believe that Hillary will be the next President, so what's going on? Well it could be short-covering by people who had previously sold Hillary futures and if so it is likely somebody (or organized somebodies) cashing out in order to influence the Obama market this weekend and next week. We saw very strange movements in the Bush market during election day 2004 and I think that we can expect a repeat next Tuesday. Here is SNL doing Hillary, Barack and that 3 AM call: