After an involuntary 24 hour blogging hiatus, and after a fast skim, not much calling out to me in Barron’s or WSJ, I felt the NEED to post something.
So let me throw a bone to the Prediction market crowd.
Here’s the trading activity in the Karl Rove Indicted by December 31 2005 futures; Anyone want to hazard a guess as to what’s up wit dat?
click for larger chart
Note the activity on Wednesday, December 14 — towards the right hand sidfe of the chart — that’s an enormous spike in trading — its comparable to the trading when Libby was indicted.
Let me hasten to add that the Rove to be indicted on or before March 06 started trading the next day; Perhaps that had some impact on the this futures series.