$349 at Big 5. Wal-Mart only sells ammo in "guns are evil" Seattle.
Posted on 03/03/2009 10:45:40 PM PST by Plutarch
To all those scared to death about the tumbling stock market, President Obama played financial adviser yesterday, offering the age-old counsel: Buy low and sell high.
The president, in a departure from usual form, directly addressed the swoon in the stock market. The benchmark Dow Jones industrial fell nearly 300 points Monday to the lowest level in 12 years - and more than 50 percent off its all-time high in October 2007 - and finished down about 37 more points yesterday.
Obama waved off the ups and downs in the market, comparing them to tracking polls that his campaign often ignored during the presidential race.
"What I'm looking at is not the day-to-day gyrations of the stock market but the long-term ability for the United States and the entire world economy to regain its footing," he said during an Oval Office mini press conference with British Prime Minister Gordon Brown.
"If you spend all your time worrying" about the market, he added, "then you're probably going to get the long-term strategy wrong."
The president acknowledged that "the banking system has been dealt a heavy blow, and so there are a lot of losses that are working their way through the system. And it's not surprising that the market is hurting as a consequence."
But looking on the bright side, Obama said, "On the other hand, what you're now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it."
(Excerpt) Read more at boston.com ...
1. As market staggers. Passive, it just happens.
2. ...keeps focus on long term. Why, Obama is resolute!
3....profit and earning ratios... How polite for the Globe not to point out that a PE ratio is Price and Earning.
>>Obama waved off the ups and downs in the market...<<
Out of curiosity, what “ups”?
So is Odooma calling the bottom?
No thanks, Mr. Zero. I’ll wait for Dow 3000 to start buying.
Ruger is at a 52-week high!
With these statements he - B Hussein Obama - just proved that he knows nothing about the market or money or even economics.
To all those scared to death about the tumbling stock market, President Obama played financial adviser yesterday, offering the age-old counsel: Buy low and sell high.
Holy cow! Why didn't I think of that! What an opportunity to buy at 6000! Man, that Obama is a freaking genius!!
$349 at Big 5. Wal-Mart only sells ammo in "guns are evil" Seattle.
I forgot. That profit to earning ratio is spot on.
Speaking of which, does anyone recall the Democrats complaining about, oh, 10 years ago or so, that certain companies had profits that were too high and therefore “unamerican”? Perhaps this is what Comrade Obama had in mind.
No thanks, Mr. Zero. I’ll wait for Dow 3000 to start buying.
If it gets to 3000 ( and i am not saying it won’t)
bambi will have tankedd the economy so much it will still be over priced.
Marxists are always in it or the “long term.” What they want in that long term is considerably worse than anything we now have. I think this fellow is our first functioning principled communist president.
He is most decidedly not an “empty suit.” He knows what he wants and, so far, is very effective in attaining it. Prosperity, even recovery is no part of it.To call him an empty suit you have to posit that he wants the same sort of things Americans generally want in their society. Hussein does not want those things. Freemarket Capitalism is no part of his goals. Liberty has no part. Read Marx. Read Lenin. Hussein’s goals are described by those authors.
He believes socialism will make the poor wealthier. He believes he knows the way and that all the others before him failed because they did it wrong. It is childish magical thinking.
He's clueless how to create wealth. He's never done it in his entire life. He thinks there is only so much wealth and that he has to take from those who have it in order to give it to those who don't and that magically everyone as a whole will be better off.
He has no concept that it will only destroy what wealth there is making everyone poorer in the process. There's the endless wreckage of socialism all over the world and he's too arrogant, blind and ignorant to understand where it will lead when he pursues it.
The same applies to foreign policy. He has magical thinking on how the world works and what the results of actions will be.
There's no signs of intelligence there. Only blind dogma being parroted from others.
An empty suit devoid of reason. He's way over his head and there can be no likely outcome other than failure.
We disagree in that you apparently believe there's some underlying grand intelligence that got him where he is. There's nothing in his past to suggest that. He's a pretty face that can give a good speech that the powers that be in the Democratic party used as a front to gain power for themselves.
At least that's what I think...
Maybe I'm wrong, but I've seen little evidence of it so far...
< splutter>< sarc> But . . . but . . . are you saying you WANT Obama to fail? < /splutter>< /sarc>
I don’t think so. He is a Marxist. The capitalist system has to be taken down before the workers’ paradise can be installed. He does believe that “the workers” will be better off then because they will be equal. The “poor” will be included in that because they will be transformed into workers, one way or another. People shouldn’t make the mistake of thinking that his goals are our goals. His Marxism may well be, because, with his upbringing and education he never learned about reality and how the “poor” get un-poor the most efficiently but his election has frozen the attitude and system that he has learned from his mentors and professors, all of them Marxists and Communists. Naiveté is irrelevant now. He will use a considerable will and intelligence to further a radical socialist vision that he possesses, whether in naiveté or in cynical power hunger. Lenin was not naive, nor was Ho Chi Minh, nor Castro. All were very effective.
And no, no underlying grand intelligence. An individual is perfectly capable of being a Marxist. He will have tremendous support if he is capable of getting power. He has the Left on his side just as Reagan had the Right on his side. He may be naive in that he does not understand history, but Leftists have never understood history. That did not hinder the rise of the USSR.
We’ll find out soon enough if a majority in this country will stick with him as he brings one disaster after another.
If they do, we may well be done.
If they don’t, there still is hope.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.