Posted on 03/03/2009 10:42:20 AM PST by SonOfDarkSkies
President Obama told Americans to take a look at investing in the stock market this afternoon, a remarkable utterance for an American president, especially as the Dow Jones Industrial Average proceeds on its course Southward.
"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," the president said on a day that trading continued to hover under 7,000.
The president predicted that Americans' consumer confidence would improve as they see the stimulus bill "taking root."
"Businesses are starting to see opportunities for investment and potential hiring," he said. "We are going to start creating jobs again."
(Excerpt) Read more at blogs.abcnews.com ...
I'm guessing 1000 DJI buy July 4th.....
I’ll take my financial advice from a Community Organizer just like the guy who keeps calling me swearing he can build a profitable portfolio earning 8% guaranteed with no risk for the rest of my life.
They are both full of sh*t.
The DOW has dropped about 45 since the Community Organizer passed out stock tips.
When the market bottoms out, I might consider it. However, as long as Obama is president, it won’t bottom out, therefore, I won’t be buying stocks.
No, one of them is trying to scam you out of your money; the other is trying to steal your freedom and the future of your children....which one is worse?
This is a wrinkle on the Hugo Chavez model he has been following for the past two years. I suppose it finally dawned on him that China may not lend him all the money he’s committed to spending to buy the votes of the peasants.
What a joke!
No, one of them is trying to scam you out of your money; the other is trying to steal your freedom and the future of your children....which one is worse?
Who does he think he is? E.F. Hutton???
and even if he did have a good tip, who’d want to make any money knowing that he’ll be taking it away from those evill capitalist who make a prfit.
The knife cuts both ways, Oboomba.
As for the reset of the Evil Capitalists, they are buying ammo, not stocks.
Yeah, I noticed the market jumping to take Ears’ advice.
This would be like asking someone to buy their dog back after you ran over it with your car.
Don't we liberals all really really hate big business?
I take my advice from Hillary Clinton’s stock adviser
Reminds me of those guys who sold all those ARM’s.
No thank you.
I’m not interested in flipping stocks either.
I am so glad I do not currently own stocks. I feel sorry for those who do.
Sounds like the folks who sold the ARMs.
“When the value increases-profits beyond your wildest dreams!”
No thanks.
I didn’t try to flip houses and I’m not about to flip stocks.
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