The End for McCain?

John McCain’s share price at the Iowa Electronic Market lost 40 percent of its value yesterday. It opened at 17 cents and closed at 11:59pm at 10 cents.

Since May 17th, McCain’s share price has lost almost two-thirds of its value.

If no one is buying futures on McCain’s nomination, we might suspect that relatively few people will be giving him campaign contributions. Without funding, of course, the McCain effort is doomed.

So go to the Iowa Market and invest a dime. You might get a dollar in a year’s time. You’ll find plenty of people there willing to sell you a futures share on McCain.