Day Traders

On the eve of the Iowa caucuses the political junkies who put their money where their mouths are — players on the Intrade political markets — were betting on the following results:

Media/Democrats – Iowa: Obama.
Media/Democrats – Nomination: Hillary, by a 2-1 margin over Obama.

GOP – Iowa: Huckabee.
GOP – Nomination: Rudy G., with McCain a close second, Romney a close third and Huckabee in fourth place.

Obviously those markets can and do change once, you know, the actual voting begins. Just ask Howard Dean. But, still, they’re fun to watch — especially this far out from November.

"Everything Not Forbidden Is Mandatory"
Timing is Everything