Monday, June 25, 2012
Betting Against Obamacare
Intrade, a futures market, says with a 76% degree of confidence that the Supreme Court will rule the individual health insurance mandate unconstitutional. The Intrade speculators can't know the minds of the Supreme Court Justices, but their collective prognostication is worth considering. In the 2004 presidential election, Intrade speculators correctly predicted the electoral outcome in every single state. The high court is set to rule on Obamacare this Thursday. Let's hope that the speculators who bet against it have made a good investment.