AP says Kerry's concentrating on Florida and Ohio. This should be a big "uh-oh"--for Kerry. The latest surveys give Bush an 11 point lead in Ohio with Florida still in play (Bush by 6 in one poll, Kerry by 1 in another). However, the Florida poll favoring Kerry seems flawed in that it oversampled women, 45% men/55% women.
Although I agree with Instapundit that it's irrational exuberance, the Iowa Electronic Market and TradeSports futures pools each show Bush over Kerry 68-32. Anything else would be a sucker bet.

IEM Chart, September 21st
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