IEM Predicting Bush Win

Anchor Ron Insana, on "Louis Rukeyser's Wall Street," noted the Iowa Electronic Markets in a report about the impact of the elections on the stock market: "In the marketplace of political ideas, as of this moment, speculators who bet on the presidential election at the UNIVERSITY OF IOWA'S electronic futures market are predicting a Bush win. Other, more popular polls are beginning to swing that way as well. Now the markets have a good sense of politics as well as economics, so if the market were to improve noticeably in coming weeks, maybe even turn positive for the year, the incumbent would get a badly needed vote of confidence for Wall Street. It's been hard for an incumbent to win historically when Wall Street has been betting against him."

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