Natalie Gonnella
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With economic pessimism rising sharply across the country, President Obama's 2012 campaign and the Dow Jones Industrial Average seem to have a lot in common at the moment.
According to the political trading futures site Intrade, after Monday's sell off, trading on the website slated Obama's odds at 50.1%, a far cry from the 70% he held in May after the raid on Osama bin Laden's compound.
As the Daily Caller notes:
On Intrade, people buy and sell shares of future events based on how likely they think it is that something will occur. In the past few weeks, Obama’s stock has dropped. As of Tuesday, traders gave Obama just a 50.1 percent chance of being re-elected.
Those odds have seen a steady decline since August 3, when traders gave Obama a 56 percent chance of returning for a second term.
Obama's latest reelection odds (and those of other 2012 candidates) is available to view here.
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