News & Events

IEM Tracking Of Presidential Race Cited

With the stock market in a funk, market analysts have turned to a different wager -- Bush versus Kerry. Betting on who will win is under way through several web sites. The IOWA ELECTRONIC MARKET, conducted by the UNIVERSITY OF IOWA, offers trading in futures contracts pegged to predictions of the vote split between the Republican and Democratic candidates. In previous presidential elections, the Iowa Electronic Market has proven to be an accurate forecaster. Currently, the market shows a toss-up election, with Kerry gaining slightly. Conservative commentators leaped on the results to blame Kerry for the recent decline in the stock market. A version of the story also ran on the website of the HARTFORD (Conn.) COURANT.

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