News & Events

Rietz Comments on IEM, Presidential Race

Tom Rietz, associate professor of finance at the TIPPIE COLLEGE OF BUSINESS, commented on how the Iowa Electronic Markets are reacting to the news that retired General Wesley Clark will join the ranks of Democratic presidential candidates. Rietz noted that over the past couple of weeks, the contract that represents candidates who are not yet listed has been going up steadily. This contract includes Howard Dean and Wesley Clark among others. Rietz added that President Bush has been losing ground in markets that are designed to predict the vote shares taken by the Democrats versus the Republicans. "We've seen Bush losing ground since about the middle of May. In effect, against the typical Democratic nominee right now, he's shown less than 50 percent of the vote share," Rietz said.

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