Posted on 03/03/2009 10:09:52 AM PST by Sub-Driver
Obama: It's a Good Time to Buy Stocks President Obama compared the stock market to the daily tracking polls used during campaigns, saying that paying to close attention to Wall Street's "fits and starts" could lead to bad long-term policy.
FOXNews.com
Tuesday, March 03, 2009
President Obama said Tuesday that now is a good time for investors to buy stocks if they focus on the big picture.
The markets plunged Monday to its lowest levels in 12 years.
"What you're now seeing is a profit and earnings ratios get to the point that buying stocks is a good thing if you have a long-term perspective on it," he said to reporters after meeting in the Oval Office with visiting British Prime Minister Gordon Brown.
Obama said he is not measuring policies against "the day-to-day gyrations of the stock market," but by whether lending is flowing more freely, businesses are investing and the unemployed are going back to work.
(Excerpt) Read more at foxnews.com ...
F**khead.
What the *bleep* would a community organizer know about financial markets?
Obama is dead wrong.
What the f#$k did he say??
I WAS thinking about buying into GE or Walgreens. Now that O says I should, I definitely WILL NOT.
Stupid is what stupid says.....
What did HE do take a position in the market?
They are focusing on the big picture and that's why the stocks are plumetting. They see no future with you Obama.
This guy is worse than a bad joke.
After you, dickhead.
F**k him. He’s causing the carnage.
When I hear things like this, I think of the housing bubble.
Is he running out of places to loot now, or what?
Clueless. Absolutely clueless. No, I take that back. Perhaps subversive would be a better term.
I’ll buy a g’damn stock when he’s been removed from office, not one damn second before....I’m personally hoping for a DJI average equal to this cretin’s IQ.....
Maybe he meant gold mining stocks.
Yes, dear leader. I obey. ($hithead!)
The DOW drops 45 on the news.
Investors don’t even know what their tax rate will be on capital gains or dividends, so that raises the risk of buying stocks versus other assets.
Buy stocks. How does he know ?
Obama said he is not measuring policies against “the day-to-day gyrations of the stock market,” but by whether lending is flowing more freely, businesses are investing and the unemployed are going back to work.
Ok, how are those working out for ‘ya?
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