Wall St mostly inches up after Obama's comments (Cheerleader in Chief!!!)

Reuters ^ | 03/03/09 | By Rodrigo Campos

[misterrob]

U.S. stocks mostly edged higher on Tuesday after President Barack Obama said share prices are potentially a good deal at current levels, offsetting persistent

U.S. Treasury Secretary Timothy Geithner said the Obama administration will evaluate potential costs to stabilize banks as more information becomes available, in testimony before a congressional panel.

"Obama is trying to cheerlead, which is OK. I'd like to see what he bases his view on. It shows that at least he recognizes that something is going on," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.

[misterrob]

Okay, so the Zero now thinks he is qualified to value the equity markets??????

I sit here stunned

[GoCards]

heheh. WHat does mostly edged higher mean??? lol

[Mojave]

Dead cat bounce.

[lakeman]

potentially a good deal at current levels

Gamble with your money Obambi, you putz, NOT MINE.

[Retired Greyhound]

They “inched” up because the markets were relieved to learn that Obama was aware of them.

[misterrob]

Some technical people are saying that the market could see another bounce up. The bear is not over by any means though.

This type of commentary is nothing more than a continuation of the friggen amateur hour that has been going 24/7 since he took office.

F
U
B
O

[TornadoAlley3]

+ 50 :)

[EDINVA]

well, with just a Word from The One, the market will likely be back up to 14K by end of the business day.

[rightinthemiddle]

“inches up”

I guess the Dummies are pooling their pizza delivery tips and buying stocks.

[KansasGirl]

So Obama has decided to quit talking down the markets? Good.

[Nervous Tick]

In this case, “mostly edged higher” means “grasping at straws”.

I wonder if the Bambi syncophants are required to write X number of good things about the Obamessiah per week to retain their payola?

[SonOfDarkSkies]

They “inched” up because the markets were relieved to learn that Obama was aware of them.

That's exactly what it is!

[Tarpon]

dittos, market needs some new money.

[AngelesCrestHighway]

The Oracle of Watermelon guides the market higher straight into a suckers rally!.....

[mikelets456]

Wow ZERO, only another 4000 points to get to where it was when your sorry a-s took over this country!

[NorCoGOP]

Obama is trying to cheerlead, which is OK.

Sort of like your high school principal cheering for the cross-town rivals on gameday.

Ugh.

Anything Obama endorses thus far has been the kiss-of-death.

[Snickering Hound]

Obama, yer doin it wrong...

[jesseam]

Profit takers usually sell at the end of the day..you know, sell high, buy low.

[rightinthemiddle]

Tonight’s lead on the evening news: Obama Moves the Markets.

Of course, he’s had nothing to do with the markets moving DOWN...

[Nathan Zachary]

"U.S. stocks mostly edged higher on Tuesday after President Barack Obama said share prices are potentially a good deal at current levels,"

WTF? Is my stock ticker broken? it's still -175+ down from Mondays open above 7000. S+P actually broke down under 700 for a while today. So who is this 'reporter" (Obama cheerleader) kidding? Every stock in my portfolio has inched down, not up. I was hoping for up, but..it's looking like another make nothing day.