Intrade puts chance of Obama win at 90 percent

These days, putting your stock in stocks is like placing bets on betters. The stock market’s shaky ground has been more like an earthquake as of late. Yet much like the speculation that fuels the stock market, the prediction market fuels Intrade, a “trading service” where members trade directly with each other based on real, future happenings instead of earnings.

So which stock on Intrade is the new Google? Apparently Barack Obama as President is trading at $9.07 cents, which translates to mean that traders believe Obama has a 90.7 percent chance of winning tomorrow. So what’s today’s Apple if Obama is Intrade’s Google? Apparently predictions of a 2009 recession also are rapidly on the rise. That’s trading for $7.70, or 77 percent of those traders are banking, literally, on a coming recession.