Meade wrote:Stu, do you have evidence of speculators "gaming the system"? Or just hearsay and your worried imagination?
Nut graf: "As economist Justin Wolfers pointed out on Twitter, the huge swing toward Romney appears to have been driven by a single trader who spent about $17,800 buying up Romney shares and pushing the Republican candidate’s chances on Intrade up to 48 percent. But the surge only lasted a few minutes before other traders whittled the price back down to what they saw as a more accurate valuation. Romney’s odds of winning are currently back at around 41 percent."
Full story here.
Not that I care all that much about your obsessions, Lawrence, but why ARE you so obsessed with InTrade? Do you think it has any actual predictive value? Or are you just terribly bored and easily amused? I mean, really -- nine posts in one day??