Thursday, February 7, 2008

McCain

McCain is now trading at 96 on inTrade. Two months ago, he was trading at 7. That's right, seven. Seven percent expected chance of being the Republican nominee, and now two months later, he's the only one left. Boy, don't you feel stupid for not spending thousand bucks on that contract? You would've made a fat fortune on it. One of these days, I'm actually going to bet on that stupid thing. Of course then I'll lose, because that's when market efficiency will actually work, and I'll realize I should've just read the numbers instead of thinking I knew better. But whatever.

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