Yes and Not Yes

Well, Obama has increased the gap on McCain over at Intrade. Here are the charts (click for full-size).

You’ll see that McCain is trading at the same level he was back in late January, a time when he had not even clinched the Republican nomination.

I still think this large gap will be closed by election day; a good opportunity to make some cash. If you buy McCain now at 30.4 and by November 3rd McCain is trading at 45 (a very conservative estimate I think), that’s an annualized return of 332.25% if my calculations are correct. Not too shabby.