Another Bear Market: Obama Re-Election Odds

The struggling economy and market volatility of late have caused traders over at Intrade.com to sell off the contract for President Obama to be re-elected in 2012.  After trading as high as 70% on the day that Osama bin Laden was killed, the odds for re-election on Intrade currently stand at 50.6%.  That's a decline of 27.6%, so it's safe to say that Obama is officially in a bear market.