Swing-voters - Confidence Plunges [View All]

[swag]

From Ed Yardeni's (super-pro-Bush economist) latest weekly strategy alert at

http://www.cm1.prusec.com/yararch.nsf/(Files)/a_041304.pdf/$file/a_041304.pdf

(sorry - his URLs always get broken apart on DU - http://www.prudential.com/yardeni will get you to his homepage. This text is from the "Investment Strategy Weekly" titled "The Dollar Zone.")


"Depressed Independents. My colleague Debbie Johnson has found some interesting political data buried in the weekly ABC/Money Consumer Comfort survey. Data from the ABC/Money Consumer Comfort Index shows that it recovered nicely last year and early this year. In the past couple of weeks it dropped sharply, nearly wiping out the entire recent upturn. Data from the index for Republican respondents suggest that they are very happy. This does not hold true for the Democrats. The swing voters for Mr. Bush are likely to be Independent voters, and according to the data, their confidence just plunged to the lowest reading since 1993."