Posted on 02/25/2009 10:43:14 PM PST by smoothsailing
When Obama Speaks, the Market Tanks
Wednesday, February 25th at 10:29PM EST
The best thing President Barack Obama can do for the economy is keep quiet. A day after delivering an address that won widespread praise from the chattering class, Obama’s big-government policies were rejected by traders on Wall Street.
Wall Street’s negative reaction to Obama is nothing new. Ever since Election Day, Obama’s words have failed to inspire investors. “When the President speaks, the market listens … and crumbles,” said Family Research Council chief Tony Perkins, who outlined the following pattern of the Dow’s drop after notable Obama addresses:
Tanks, Barry.
From over 14K, to barely over 7K in no time at all. That is certainly NO vote of confidence when confidence is in such terribly short supply!!!
I dunno, SW. There seem to be a lot of Confidence Men around lately. ;-)
This market was gonna take a dump no matter who got elected, it’s fate drawn at minimum back in 2001.
Earlier still if you want to look back.
That said, what is taking place right now still sucks.
Just pains me to see freedom loving folks tie market performance to the new president.
We can, and must, do better if we are serious about protesting current events. You aren’t going to win any converts to the philosophical argument being waged by correlating Obama with a bad DOW, true or not.
Pick it up folks...
If he were to announce what he had for lunch, the market would dip.
The Devil is hard at work, especially in my beloved, adopted CA!!!
Well, that’s the whole point, after all. Nothing facilitates a Marxist revolution like crisis; just ask the Russians and the Chinese.
Great post
Keep posting this.
Unfortunately you may have to add EACH week.
It is hard for me to imagine bambi saying anything that doesn’t spook the markets.
And as more of his politburo members gain power, they will spook the market as well.
This is assuming no catastrophe, because if israel lights up abwhackjob or russia retakes georgeia, or riots in europe or a 1000 other things, then they drop much more.
We are in for tought times. It will be interesting to see how many change their voting patterns.
WTH are you talking about?
Just pains me to see freedom loving folks tie market performance to the new president.
Again, WTH are you talking about? Look at the data! Of course we will tie the market to the usurper in the WH.
Let's see...hurricanes have been tied to a president.
Bad behaviour has been tied to a president.
Non-existant atrocities have been blamed on a president.
Every known tragedy and those that have not happened yet were blamed on a president.
Oh, that's right...THAT President was a Republican!
Right now I'm blaming my hang nail and nervous stomach on the usurper now occupying the WH.
Pick it up folks...
Newbies generally wait awhile before they start telling FReepers what to do and how to act. How much does the usurper pay you to come here and do his bidding?
Just about all the key players are in position .. the more the market drops, the more of a crisis, the more you need zero, the more damge is done.
Incrementalism .. emboldenment
Perhaps you need to understand that freedom-loving Armericans believe in rugged individualism, personal responsibility, accountability, free enterprise, smaller government and capitalism.
The traits that made America great.
Obama is a Marxist. His goal is destroy this country.
Perhaps, if he spoke in his native Kiswahili, his Kenyan family could better translate it to real English versus Zer0 speak. I think his Grandmother speaks a different language but I can’t remember it for the life of me right now.
Obama cares not for economy. His green peace pseudopolicies are in fact meant to keep him in power without challenge. He is waging civil war, ACORN HugoChavez style in “his” own country and won’t accept criticism for “policy errors” for both ego but also war reasons.
He might very well be a leader of destruction in a sort of sick “irresponsible” way. It’s a war path he is taking.
So all the lovy dobby Oprah watchers over there, think again, blood and terror will come to America via this bleeding or otherwise worse.
It was down over 200 and rebounded to 30 plus when Bernecke spoke but when big ears opened his pie hole it immediarly started droping and closed 80 down.
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