Posted on 03/04/2009 4:24:45 AM PST by tobyhill
The stock market reminds Barack Obama of a political tracking poll.
"It bobs up and down from day to day," the president said Tuesday. "And if you spend all your time worrying about that, you're probably going to get the long-term strategy wrong."
Most of the bobbing lately has been in one direction, relentlessly down. But Obama suggested that now is a good time for investors with "a long-term perspective" to buy stocks.
Stocks extended their losses to a fifth straight day Tuesday, with the Standard & Poor's 500 index falling to its first close below 700 since Oct. 28, 1996. But the losses were modest compared with Monday, when the Dow Jones industrial average tumbled nearly 300 points, leaving the closely watched indicator down 52 percent from the record of 14,164 set in October 2007.
(Excerpt) Read more at sfgate.com ...
When has it bob up?
Now theres some real good stock advice.ROTFLMAO
What a tard, I mean really, is this guy for real?
Not insofar as I’m concerned mind you, I know this guy is worse than stupid.
I mean, about the dumb folk? Do they still take this idiot for real?
Just asking.
Obamma lamma ding dong upended Mrs. Clinton then managed to make john McLame look old tired and out of touch all the while kicking the snot out of the old fool.
Guess all he really needed do is be a “community organizer”.
That was enough to undo decades of give and take between the two parties.
When he buys 100,000 shares of GM, I’ll think about it!!
See what’s behind the noise. Most of the Chinese indexes are up over 6% at this time.
A great long-term perspective indeed: invest in businesses that are going to be taxed, regulated and inflated into the ground.
One of my nephews literally squatted at my house during the dotcom years. He was in his middle teens. He sat with me and my brothers on many days watching CNBC. He became interested in what was going on at the time, and, with one of his male cousins, began trading penny stocks at tiny dollar levels. It went on for a couple of years. He made money until the last dying days of the 90s boom.
When he went to college, he went to business school. While most of his classmates struggled with the rudimentary terminology and concepts, he breezed through it like first grade. He literally coasted through his upper classes and got a 3.6, which was not bad considering that his interest was difficult to keep while covering ground that seemed so routine for him.
He learned by immersion. Macroeconomics was like a first language. By the time he was 17, his grasp surpassed anything 0bama will have in his lifetime. Because during his youth, 0bama wasted his time on weed and basketball. His struggles yesterday to articulate the most basic economic terms was comical, until one realized that this a—clown is the figurehead for our nation.
“Shouldn’t a President of the US know that “P/E Ratio” means “price-to-earnings ratio,” not “profit and earnings ratio?” There is a difference.
Imagine, if you will, the media reaction if George Bush had made such a basic economic blunder in a time of crisis.”
We don’t have to *imagine.* We know.
Clinton thought the same thing. But it was Monica that bobbed up and down.
Nope,
More of the same from the Republican party.
Bob (lame ass) Dole, George Bush (compassionate conservative) my ass, and Juan McLame.
So which non conservative is the pubbie party going to foist upon us next, Charlie (the Rino)Crist of some other non-conservative?
Regardless of the times, the markets will have “up” periods over the next few months. Nothing goes in one direction, even during the best or roughest of times. Besides the underlying fundamentals, there are technical and market psychology factors which determine short-term directions.
So expect to see significant rallies. There could possibly be some noticable uptick today, because things are so oversold. The media will glom onto it to profess that 0bama indeed is a stock-picking guru.
Yeah, and I’m going to take home improvement advice from the guy who burned his own house down.
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