When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Friday, October 4, 2013

One Big Trader Lost Millions Betting on Romney

One Big Trader Lost Millions Betting on Romney, Study Finds - Washington Wire - WSJ: "A new academic paper digging into presidential betting in the final weeks of the 2012 election finds that a single trader lost between $4 million and $7 million placing a flurry of Intrade bets on Mitt Romney—perhaps to make the Republican nominee’s chance of victory appear brighter."

I think it was Mitt betting on himself -- remember him offering Governor Perry a $10,000 friendly wager in the GOP Primary debates, and Perry recoiling in shock? LOL! No wonder Romney was "in shock" election night -- it wasn't the election, it was the money he lost!


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects