Arjun over at The State of the Union takes a look at the relationship between McCain's poll numbers and the stock market:
Tracks pretty well, right? "McCain’s floor hovers around forty percent," writes Arjun, "accounting for the divergence at the end, but regardless, the correlation between the two data sets is a robust 0.77."It's a useful reminder that elections are heavily structural. McCain's problems are, in large part, the product of actual world events that don't favor Republicans. They're not the result of some awesome new Obama ads, or Palin, or even McCain's erratic and odd campaign style. It's a bad time to be an aging economic conservative with a long record of deregulation and close ties to the outgoing administration.
Tracks pretty well, right? "McCain’s floor hovers around forty percent," writes Arjun, "accounting for the divergence at the end, but regardless, the correlation between the two data sets is a robust 0.77."It's a useful reminder that elections are heavily structural. McCain's problems are, in large part, the product of actual world events that don't favor Republicans. They're not the result of some awesome new Obama ads, or Palin, or even McCain's erratic and odd campaign style. It's a bad time to be an aging economic conservative with a long record of deregulation and close ties to the outgoing administration. 
