Net Investors Bullish on Palin’s Prospects for Staying on Ticket
Last updated: March 18, 2021 | September 02, 2008 | Frazer Pugh
Just for fun, the Internet prediction Website Intrade has opened a contract on whether Alaska Gov. Sarah Palin will be withdrawn as McCain’s running mate. Intrade users can buy and sell Palin’s stock as the projected likelihood of her making it all the way to November fluctuates.[
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If history is any indicator, this sort of change could be a disastrous for McCain’s chances of winning in November. Many credit Sen. George S. McGovern’s landslide loss to President Richard M. Nixon in 1972 to, among other things, Sen. Thomas Eagleton’s withdrawal as his running mate following revelations that the Missouri senator had undergone electroshock therapy. Nonetheless, as I write this, Intrade gives Palin a 14.9 percent chance of being withdrawn. If the revelations keep coming at this rate, anything may be possible. Place your bets everyone. [Hat Tip: TPM]
Frazer Pugh | I work in the investment management sector as a professional. Previously, I advised top financial services companies on balance sheet management, portfolio planning, and valuations as a consultant. I am currently pursuing a part-time MBA at Melbourne University, where I am a lecturer in accounting and hedge fund strategies, as well as a mentor/coach in a part-time equity analysis initiative. I have a bachelor's degree in economics, a master's degree in finance, and am a Chartered Accountant. I enjoy instructing and assisting others in achieving their objectives.