Putting Your Money Where Their Mouth Is.

Most market reports this week have us biting our nails, hiding out under the covers, and practicing very deep breathing. But at least one group of individuals--namely the Obama campaign--has reason to sing after reading a stock report. The Iowa Electronic Markets is reporting Obama's shares are trading at 77 cents in the Winner Take All market. That's up 10 cents since the first presidential debate and 20 cents in the last month.

At this point you're probably saying: What are the Iowa Electronic Markets? Well according to their website:

The Iowa Electronic Markets are operated by faculty at the University of Iowa Henry B. Tippie College of Business as part of our research and teaching mission. These markets are small-scale, real-money futures markets where contract payoffs depend on economic and political events such as elections.

And yes, you are trading with REAL money here. Accounts can be opened for $5 to $500 dollars to which the market can increase or--as we all well know--take away.

So, can McCain turn this particular market around after tonight's debate? Well, this morning the IEM reported the Republican candidate trading at 47.4 cents and his Democratic rival at 54.3 on the Vote Share market.

Take heart, be brave and jump into this market, anything is still possible in the 28 days between now and November 4th.

--Kyle Gassiott

5:09 PM ET | 10- 7-2008 | permalink

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