IEM used to track Clinton after negative news
November 15, 2007 | Chicago Sun-TimesSun-Times columnist Jennifer Hunter wanted to see if anything had happened to Sen. Hillary Clinton's place in the Democratic presidential race after the negative reviews of her debate performance in Philadelphia on Oct. 30 and the revelation, last week, that her campaign planted a question during a campaign stop in Iowa. Instead of polls, Hunter looked at the IOWA ELECTRONIC MARKETS, which as Salon.com notes are "consistently better at forecasting winners than pre-election polls." The IEM treats presidential candidates as if they are hog futures. And they use real money. In the 2004 presidential race, IEM investors spent $400,000 betting on the outcome. On Oct. 28, just before the Philly debate, Clinton's IEM price per share closed at 71.3 cents. Post-debate, on Nov. 1, Clinton shares closed at 71 cents.
Contact: Forrest Nelson