Friday, 13 August 2010

Hung parliament speculation

The hung parliament stories are starting to appear as some opinion polls -- but not the latest Morgan version -- point to this election being a close-run thing. I have written of my distrust of opinion polls before and I am always amused when a poll such as  this week's Morgan putting the two-party vote at Labor 57.5% to Coalition 42.5% is dismissed as being rogue for no other apparent reason than it does not suit the writer's prejudice. I am happily sticking to what the market tells me is happening and that still points to a Labor victory albeit not of the size that Morgan predicts. Somewhere around Labor with 79 seats to 67 for the Coalition with four seats held by others is what theCrikey Election Indicator is suggesting.
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