[richlevy]

I'm speechless Ted Kennedy has just endorsed Obama. There are now officially two major camps in the Democratic party. Screw the Kerry-Hillary endorsement, a Kennedy endorsement for a Democratic candidate is big. This really does indicate that Obama has arrived and has the support of at least some of the Democratic leadership.

If this goes past Super Tuesday and no back room deal is reached, the convention is going to resemble 1969 (sans riots), complete with anti-war protests.

In fact, both parties might have their primary contests settled at their conventions. If you're a political junkie, this might be a once in a lifetime experience.

If you go to Intrade, though, the betting still favors Hillary at 61.5 to Obama's 38.5, which indicates both price and percent betting on victory. It's actually more like stock in that you can sell shares at any time. If it was actually legal, I would put down some Obama money because I think that 38.5 is way too low.