Iowa Elec Markets

I suspect there has never been such volatility in the history of the Iowa Electronic Markets.  With a few days, Obama went from a 22% chance of winning to 70% on the day of the NH vote to today's 42% (that's a screaming buy right now!), while Clinton went from 65% to 23% to today's 55%.  (See graph at: http://iemweb.biz.uiowa.edu/graphs/graph_DConv08.cfm).  On the Rep side, McCain continues to surge and is up to 38% vs. 25% for Giuliani, 19% for Huckabee and 14% for Romney (at: http://iemweb.biz.uiowa.edu/graphs/graph_RConv08.cfm)