Generally presidential approval and consumer sentiment are directly related. Lately the it has been opposite. I suspect that consumer sentiment is going up because consumers feel that Obama will be defeated.
Right now this election is pretty close to a coin toss. Most of those who opine are giving their preference not their objective opinion. If I were making book I'd be happy to quote it 6 to 5 pick'em and fell comfortable taking in up to 15% more on one side before moving the line.
and that line would last exactly a 1/2 day----giving 60 cent scalps you'd probably get other books laying off into you. you would be stuck with an unbalanced book all obama -120 bets which makes you long romney @ +120.. why take limit action that will no doubt leave you long romney@ +120 when you can get romney @+180 now keep your book in line with the market and if you think it's a coin toss go bet the +180
Was off the top of my head. Haven't made a bet in many years and haven't quoted anyone a line in many decades. If the line is really 180 it is one hell of a bet to take the dog. Excuse me as I get to a phone ... lol.