Newt Gingrich still leads the field as measured by the Real Clear Politics poll average for the Republican nomination but he is falling quickly in the polls for Iowa and New Hampshire where voters have begun focusing on who they would like to represent them.
But, as the fluctuations over the last few months show, Republicans are yet to unite around one candidate. While the markets have Mitt Romney now as a clear cut favourite (and I am feeling quite smug about taking the good price about him) there are likely to be more twists and turns to come before the contest is settled.
Noting that the pollsters have Rick Santorum picking up late support in Iowa I have made a modest investment on him - he's the brown line down near the bottom of the graph - at $27 in the hope that he shortens enough to make crushing worthwhile down the track.
Details of my current portfolio, which is showing a more than adequate 19% return over the last nine weeks, can be found here.