Last Friday, traders on Intrade were putting the odds of Congress passing a bailout plan by September 30th at 89%. Even though constituent calls came in "150 to 1" complaining about the plan (never mind the fact that most people that agree with something don't call to complain), the majority of investors thought the deal was going to get done. The chart below of the bailout odds looks very similar to a bank stock crashing -- something Congress is getting very used to these days.
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Wow, you have the best charts on the web hands down. Keep 'em coming, and thanks a lot! :)
Posted by: Wow | September 30, 2008 at 04:28 AM
You should have put up the intraday chart, because that contract was offered all day yesterday, and fell to 15 on voume a couple of hours before the votes were in.
Best Regards,
VS
Posted by: vs | September 30, 2008 at 09:16 AM