I never know what to make of these things. But this morning I got yet another press release from intrade, a company that runs a futures markets on hot political questions, and others, I’m sure, too …
Miers confirmation contract drops in heavy morning trading
At approximately 8:30 EST this morning traders monitoring the Harriet Miers confirmation process becan selling aggressively contracts betting against her confirmation – probability drops from 62 to 20 in heavy trading.
“The Miers confirmation contract was trading at 92, meaning a 92% probability of confirmation last week. Early this week the contract slid to 64 then this morning with no warning droped to 20 in heavy trading”, says Mike Knesevitch Communication Director at Intrade.
Here’s the latest quote.
