Sunday, November 25, 2007

The Bonds Market

Sorry for the awful pun. But back in journalism school, we practiced writing tacky headlines just for the fun of it.

Dave Hoffman at Concurring Opinions writes that trade on the prediction markets shows a belief among traders in a 75 % estimate that Bonds will be convicted or plead guilty to the original charge. And given the trading rules, Dave suggests there is a near-certainty among traders that Bonds will be convicted or plead guilty to something.

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