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Crocs: On the Down Escalator   Investment-Banking Bullshit Watch, G...
Feb 20 2008 2:30PM EST

Obama a Comfortable Favorite in Texas?

Over at InTrade, Hillary Clinton is tanking. Her chances of winning Ohio were 65% yesterday; that contract last traded at 47.5%. Meanwhile, her chances in Texas have plunged from 48% yesterday to just 30% now.

The last time we saw price movement like this, of course, it was in New Hampshire, where Clinton ended up winning. And I suspect there's more noise than there is signal in today's price movements. But the expectations game is clearly changing: a few days ago, winning Texas was a baseline scenario for Clinton. Now, winning it will give her positive momentum.

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