Behind McCain’s Fall

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McCain’s tracking numbers against the S&P 500 over the past two weeks, with a two-day lag to let the market results filter through Gallup’s rolling average:

McCain’s floor hovers around forty percent, accounting for the divergence at the end, but regardless, the correlation between the two data sets is a robust 0.77.

As Pollster’s Steve Lombardo says, “The economic situation has virtually ended John McCain’s presidential aspirations and no amount of tactical maneuvering in the final 29 days is likely to change that equation.”

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