When we last looked at the Intrade numbers for the Presidential race, John McCain was on the rise after what seemed like a successful Republican National Convention and a Vice-Presidential pick that was well-received by the public.
What a difference three short weeks can make.
Here’s what the McCain contract has done since September 10th:
And here’s the chart for the Obama contract:
In many ways, things look pretty much the same way they looked back in June, July, and August — the traders at Intrade see Obama as more likely to win the election than McCain. Given the latest developments in the national polls and the Electoral College, it’s hard to argue against them.
Hi! I’m a journalist and a political day trader who follows these market developments at my blog, http://politickr.blogspot.com. If you’re interested in tracking Intrade and pundit predictions, you should check it out.
[...] It shouldn’t be surprising that there’s been a lot of movement in Barack Obama’s direction since the last time we looked at the numbers. [...]