This is a graph for Martha Coakley, the Democrat running for Ted Kennedy's old seat. The graph is from Intrade, which allows you to bet on who will win a given race. A week ago, she was all but assured a victory according to people betting money on this, selling for higher than $.93 cents/ share. That means that people were paying $.93 to win $1, or net 7 cents, per share. Then, the freefall begins, and now her stock is selling just above $.43 .
Somebody goofed!
The reason anyone should care is that losing a seat in the senate could seriously damage Obama's ability to pass critical parts of his agenda, including health reform, etc. With the stakes so high, what happened?!?
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