Yes, depending on the volatility of the market. This would be a small change in a rapidly escalating or down market. If you want to believe 3 pts augurs for a diastrous President Bush showing, by all means do so. You might be better looking for something else more empirically based.
whatever
I honestly wouldn't know any better. I don't do stock. thats why all my posts were in the form of questions. so much for thread titles ;)