Wednesday, July 7, 2010

In Trade All Over The Place

Since sports reporting is several light years behind political reporting, we're forced to turn to other sources for information during this momentous time; namely, the free market. I trust the fine folks betting their money to do the job of finding out information on LeBron a lot more than I trust the half-assed reporting of Chris Broussard. So what is the free-market saying (in the fine form of intrade.com)? Basically it's all over the place. When I started writing this post, it was 50-50 for LeBron staying in Cleveland, which is pretty good, considering its automatic plurality status. Now it's reporting a 30% chance LeBron stays which is considerably less, but still may be a plurality. What does this tell us? Probably that not too many people are trading on LeBron and therefore there's not that much information out there. People are panicky and acting with little to no reason. All of which is a long waste of saying, if you're coming here for information (I C you Johnston), you'll likely be disappointed.

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