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:: MAX BLACK ::

"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience." --C.S. Lewis

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:: Saturday, October 16, 2004 ::

Soros Manipulating TradeSports?

Donald Luskin is watching TradeSports and reports someone is making carefully timed trades to influence the market:

"There is now no question whatsoever that the Bush re-election futures contract at Tradesports.com is being manipulated. Yesterday the price of the futures were sold down from about 55 (indicating the market's estimate of a 55% probability of Bush's re-election) to 10 (indicating on a 10% probability) with a single 10,000-lot order entered by a single trader. An order that size represents twice the normal volume of an entire typical day's trading. Within moments after the order was completed, the price recovered back to the low-mid-50's.

He surmises it's probably George Soros (Theresa maybe?...nah, couldn't be).

Related: Steven Den Beste returns (briefly) with an examination of the RCP plot of the presidential polls and he finds some interesting anomalies. Check it out [>]

Via Instapundit [>]

:: Max 9:51 PM [+] ::
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