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Sell Hillary Short


Interesting data from the Rasmussen Markets election website.  Trading in Obama as Democratic nominee spiked after Iowa to over 70 cents per share (meaning basically that over 70% of the market expected him to win). Ebullience faded quickly and after a few weeks shares of Obama were back down in the 30 cent range, with shares in Hillary correspondingly higher. But since late January shares in Obama have climbed steadily, and are now trading at higher prices than in the “irrational exuberance” following Iowa. The corresponding cascade on the Hillary chart is in contrast to the downspike and quick recovery over a month earlier. This slide looks more substantial. I doubt profit-takers are going to rush in to even things out.


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