It’s early afternoon on the day of the Iowa caucuses, and here are the current Bid/Ask numbers in the political futures markets:
Democrats
Obama 65.3/69.0
Clinton 20.0/24.0
Edwards 13.6/18.7
Richardson 0.1/0.5
Republicans
Huckabee 67.2/68.9
Romney 23.1/34.0
McCain 0.7/1.1
Thompson 0.3/0.5
So at this late date, traders seem increasingly confident that Obama and Huckabee will win. What I don’t know is if the confident levels will also predict placement.
