McCain Stock Weathers Powell Blow, Obama Cash

John McCain’s presidential bid got hit with two big hammers over the weekend: The Obama endorsement of McCain’s old friend (and Republican) Colin Powell and the astonishing $150 million Obama raised in September.

McCain’s stock, however, appears to have already been completely washed out. With polls tightening–one over the weekend put Obama’s edge at only 3 points–Intrade gives John McCain only a 15% chance of winning the presidency, or 1-chance-in-6.  Now that the stock has weathered the weekend’s news without so much as a blip, we would not be surprised to see it climb from here.

See Also:
Colin Powell Endorse Obama, Blasts Republicans
Obama’s Money Factory Mints Shocking $150 Million

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.


Tagged In

clusterstock-us