Iowa Futures Market Examined by Wall Street

Wall Street hires a small army of analysts to keep on eye on Washington, and the potential political fortunes of the two major parties. And the popular assumption is that the market performs better when one house of Congress is controlled by the party not in the White House. "The UNIVERSITY OF IOWA's much-watched election-futures markets -- historically pretty reliable -- gave House Democrats a 50 percent-plus chance in the summer, but only 43 percent on Friday."