Sunday, August 22, 2010

Intrade Odds Update: Gridlock in 2011

Current odds based on the last trade:

1. Republicans to control House: 70%

2. Democrats to control Senate: 66%

1 Comments:

At 8/22/2010 11:38 AM, Blogger morganovich said...

a good friend of mine who runs a mutual fund based on betting against congress has studied this and determined that the best periods for economic and equity market performance are when one party controls the congress and the other the white house. when both are controlled by the same party, you get trouble, but gridlock is good.

some of this was recently published:

http://www.moneynews.com/StreetTalk/singer-congressional-effect-fund/2010/08/17/id/367739

worth a read.

 

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