Saturday, October 18, 2008

World's biggest idiot

Some clown spent hundreds of thousands in what was apparently an effort to artificially bid up the price of John McCain's InTrade stock. When I read that, I immediately recalled what I wrote on Oct. 3, after the McCain campaign pulled out of Michigan:
If you've got any InTrade futures on McCain (now trading at 34%), sell them immediately for whatever you can get, because they're not worth a nickel. . . .
If my prognosis is mistaken, and somehow Maverick pulls the greatest comeback in modern political history, well, OK. But if I were you, I'd dump those InTrade shares for whatever any fool is willing to pay for them, because they're going to be worthless pretty soon.

In the two weeks since I wrote that, McCain's stock has dropped to 17 percent.


  1. But what you don't know is that InTrade is managed by Barney Frank and Chris Dodd... ;)

  2. Please consider:

    "In 1976, Jimmy Carter narrowly beat Gerald Ford 50.1 percent to 48 percent. And yet, on Sept. 1, Carter led Ford by 15 points. Just weeks before the election, on Oct. 16, 1976, Carter led Ford in the Gallup Poll by 6 percentage points -- down from his 33-point Gallup Poll lead in August.

    Reading newspaper coverage of presidential elections in 1980 and 1984, I found myself paralyzed by the fear that Reagan was going to lose.

    In 1980, Ronald Reagan beat Carter by nearly 10 points, 51 percent to 41 percent. In a Gallup Poll released days before the election on Oct. 27, it was Carter who led Reagan 45 percent to 42 percent.

    In 1984, Reagan walloped Walter Mondale 58.8 percent to 40 percent, -- the largest electoral landslide in U.S. history. But on Oct. 15, The New York Daily News published a poll showing Mondale with only a 4-point deficit to Reagan, 45 percent to 41 percent. A Harris Poll about the same time showed Reagan with only a 9-point lead. The Oct. 19 New York Times/CBS News Poll had Mr. Reagan ahead of Mondale by 13 points. All these polls underestimated Reagan's actual margin of victory by 6 to 15 points."

    I do not think this thing is as "over" as you think it is.

    (Couldn't find a link other than the generic one above for the article, but it's for Ann Coulter's column of Oct. 15.)