Uber-Republican Robo-poller Rasmussenreports job approval for W hit 45%-53% approve/disaprove today, a new low for 2005 and possible a new post 9/11 low.
Whether or not you like his politics or whether or not you like his methods, Rasmussen called the 2004 election on the nose and his daily numbers on consumer confidence routinely show where the better known indexes will be heading in the future.
So when Rasmussen's daily approve/disapprove takes a 7 pt plunge over three days, it's a good bet the better known polls will be saying the same thing shortly.
http://www.rasmussenreports.com/Bush_Job_Approval.htm
That's the good news.
Now for the bad news:
Rasmussen's daily consumer confidence index hit an 18 month low today. Expect the better known and widely followed on Wall Street indexes to move lower in their next reports. Contrary to conventional wisdom and expectations these consumer confidence numbers correlate poorly with consumer spending. They correlate extremely well however with the movement of the overall stock market. These numbers suggest strongly that the lows in the stock market for 2005 have not yet been seen.