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 ...
Blockbuster would be a good stock to purchase right now.
22cents a share.
Going bankrupt, just like America.
Invest your 2 daughter's college fund money in CITIgroup. Go ahead..put your money where your mouth is, Dimbulb.
I challenge you to buy CITI for a long term investment.
Alas, if ONLY Obama’s political tracking polls had been like the stock market. Then we wouldn’t be stuck with this moron for president.
So which non conservative is the pubbie party going to foist upon us next, Charlie (the Rino)Crist of some other non-conservative?It doesn't matter to me. They can pick a RINO schmuck if they want. I'll vote 3rd party.
McStupid is my last RINO-schmuck-vote. Ever.
Obama did manage something.
He managed a government grant project into bankruptcy.
"Ah, the heck with it! Put yer money (what's left of it) in chickens"
(obammer - Q1, 09)
Boy samtheman don’t ya know it.
I too held my nose and voted for McLame only because I too knew obamma lamma was far worse.
Turds like Mel Martinez, McLame, Specter Snowe and so many other RINO’s and still the party ignores it instead of taking concrete actions against these fools.
To hell with the dem lite pubbies, time for a new REAL conservative party.
You are right, Joe. You are so right.
Either the Republican party rediscovers its conservative roots, or it’s time for a new party.
Does anyone else hear more than an echo of Chauncey Gardner in this?
I've always said personal finance and the market should be mandatory classes beginning in junior high school.
On the other hand...... What if Sarah Palin becomes the next
presidential nominee...?..... k2.....
My 9 year old son asked me this morning could he send the bamster an email.I asked why and he told me that he wanted to tell him he is an idiot.I was at a loss for words.Thats pretty bad when a 9 year old gets it.
LOLLL!!!
Your story of your nephew reminds me of the book entitled “Blink” by Malcolm Gladwell. His basic premise is that there is a certain amount of time required for an individual to excel at any skill. This book was an ok read. I esp enjoyed his first book “The Tipping Point”.
He couldn’t run a Dairy Queen.
Obama, Pelosi, and Reid are all multi-millionaires who want theirs but don’t care if you become a pauper. Loathsome. 2010 will be interesting.
Here’s the difference, I’ve seen the market have ‘hissy fits’ before Obama, but since Obama has taken office, it’s gone into a consistant nose dive. The free market does not trust Obama. With reason, he is not doing anything for it.
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