Obama’s stock rises after final debate
In the hour or so since the third and final presidential debate between Barack Obama and John McCain, expectations of an Obama victory have increased. At least according to Intrade speculators.
Prior to the debate, investors thought there was about an 80% chance of an Obama victory and about a 21% chance that McCain would win. Following the debate, Obama is now running at 84.1% and McCain has fallen to 16%.
Recent poll numbers indicate that Obama would win if the election were held today. If those numbers remain unchanged as the next three weeks pass, we should expect to see the value of an Obama contract to rise further, as the time for McCain to mount a comeback slips away.