Oct. 15 1999 9:30 PM

George W. Bush's comfortable domination of the Iowa market ended abruptly Thursday with a huge surge in the share price of RCROF, the stock that tracks the likelihood that a candidate other than Bush, Forbes, or Dole will win the Republican nomination. While Bush slid from 77 cents to 72 cents during the past three days, RCROF soared from 18 on Wednesday to 30 on Thursday before settling down to 25 by Friday morning. More than 1,000 shares of RCROF were purchased Thursday--a market record. Whether this shift signals a major loss of confidence in Bush or a rash overbid by a few big investors remains to be seen.


For an explanation of how the Iowa Electronic Markets work, click here. To visit the Iowa Electronic Markets home page and buy and sell the candidates, click here.

Will Saletan writes about politics, science, technology, and other stuff for Slate. He’s the author of Bearing Right.

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