Friday, November 11, 2011

Rick Perry's Intrade Flash Crash - NYTimes.com

A sign of our highly-instrumented times

The red points in the Intrade chart below show that bettors believed his chance of winning the Republican nomination fell from nearly 9 percent to a low of 3 percent:

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It’s amazing how quickly that happened; clearly markets process information efficiently when they have it.

Rick Perry's Intrade Flash Crash - NYTimes.com

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