Here is a Wall Street pundit who is very quick to blame the prediction markets. But did the punditry of that smart ass performed better than the prediction markets, regarding last week’s vote on the House of Representatives?

Posted on October 2, 2008 by Chris F. Masse

Financial Times’ John Authers:

Prediction markets, summing the market’s wisdom, had it wrong. Last week, the Intrade market put the odds that the TARP would have passed by now at more than 90 per cent.

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About Chris F. Masse

Founder and President of Midas Oracle
This entry was posted in Analysis (Accuracy & Precision), Exchanges & Markets, Forecasting (Science & Practice), Market Expiry and tagged , , , , , . Bookmark the permalink.

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