Futures markets swayed by blogs

Filed as News on November 2, 2004 9:56 pm

by Duncan

Reuters is reporting that online traders have swung behind the Kerry campaign “driven by unconfirmed Internet Weblog reports of exit polls that showed Kerry with an early advantage.”

The changes saw Kerry contracts on Intrade.com moving out to a 65 percent probability of victory — their highest ever with Bush contracts trading at 35 percent after holding well above 50 percent during the rest of the campaign.

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