Bush | At The Bottom?
GWBUSH2004 contracts are trading in a tight range of 50.2 - 52.0 over at TradeSports. This pricing … which suggests that Bush winning reelection is nearly an even-money proposition … is down from a high of 75 near the turn of the year, and marginally up from a lifetime low of 49—depths that were plumbed just recently (click the pic to enlarge).
We’ll see what happens tomorrow, but I think the “bounce” has already been priced into the market given the narrow trading range today … although the first post-convention polls will have some influence.
Posted by Alan at July 29, 2004 05:16 PM
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