Yet another flaw of these futures markets: In addition to the basic premise being faulty (that Markets predict the future), and the infintesmal amount of money at risk, there’s another basic problem with them: They are lagging indicators.
This is likely due to their over-reliance on polls, which tell you what a group of people said 3-5 days ago (or longer). Hardly the source of wisdom about the future . . .
Presidential futures as a lagging indicator
Yet another flaw of these futures: In addition to the basic premise being faulty (that Markets predict the future), and the infintesmal amount of money at risk, there’s another basic problem with them: They are lagging indicators. This is likely…