“Perry to Assess Campaign’s Future”

If only I had put some money in an account at InTrade this summer… It’s sheer physical laziness that I don’t, since under U.S. law, U.S citizens can no longer open an account there with a credit card. I would have to send funds to Ireland to open the account.

I would have earned a killing on the Anthony Weiner resignation, and would also have earned a killing on the Perry campaign. First, the stock price on Perry running was way too low, though I could tell he was going to run for sure. Then, the stock price on Perry winning the nomination was too high, and I could have shorted that stock and made another killing.

Well, not really a killing. I’m not a high roller, and you wouldn’t want to risk much money on something like this anyway. It would be a low-stakes game, kind of like playing poker on Friday night with your friends.

But it’s interesting how from watching InTrade you can learn to predict what the public’s next mass overreaction is likely to be.