Barack Obama has stormed to a lead in the Iowa caucus futures markets. The actual caucus takes place tomorrow.
Trading on the futures markets followed yesterday’s trends, which I noted in my entry at the time. Obama opened strong, over 50 percent, while Clinton opened in the low 30s. Anything over 50 percent is a good sign that the market has confidence in that candidate to win.
It is still a fairly close race. The final Des Moines Register poll gave it to Obama. Here is the last 24 hours trading for Obama up to about 10am this morning:
Click for full size.
Update 10:18am: The last trade was around 55%.
In New Hampshire the picture is a little different, with Hillary Clinton trading over 50% and Obama at around 45%. (Edwards is given hardly any chance there, trading in the low single figures.)
Update 2:48pm. Obama still trading in the low 50s. You can sell him at 50 and buy him at about 55 right now.
ubikcan 
Leave a comment