The polls will only move 2-3% at most between now and the election day.
In 2004, Kerry was down by 5% at this point in the campaign, he made it closer and won by 2.5%.
In 2008, Obama went up by 6% in the RCP average in late September (after the financial meltdown), and won by 7.5%.
Right now, looking at the state polls (and ignoring robopolls), Romney is down by about 5%. I hope he can replicate Kerry and come back a little, but would not bet on it. After all, the media will always declare Obama the debate winner - and Romney cannot count on any debate bounce, which helped Kerry in 2004.
On practical level, there are Senate seats in AZ, NV, MT, IN which can and must be help (or flipped, in MT case), but will be very close. I will donate to some of those, and encourage everybody to do so.
Yeah, I remember President Kerry.
“In 2004, Kerry was down by 5% at this point in the campaign, he made it closer and won by 2.5%.”
Wow, I must have missed that one.