The New York Observer’s website has “Intrade Loves Pawlenty’s Chances” as a headline this evening.
What kind of day has Tim Pawlenty had? The kind where your value on the Intrade Republican vice-presidential future markets shoots up by more than 50 points — while your chief opponent’s stock plummets by 31. The Minnesota governor is now trading roughly where Joe Biden was just before word of his selection by Barack Obama broke.
I don’t know a lot about Tim Pawlenty. Oh, who am I kidding? I don’t know anything about Tim Pawlenty. However, I am paying attention because I sense Intrade is insightful. It’s a conversation I had online last night with my friend Farrell. Intrade now has Tim Pawlenty as the prohibitive favorite to be John McCain’s vice presidential running mate.
We’ll know more tomorrow or over the weekend. Can you beat the wisdom of crowds? In the Internet era, can 60 million Frenchmen still be wrong?