"The dreadful policy proposals will continue until the market rallies."
Posted on 03/05/2009 6:21:34 PM PST by tobyhill
At least on Wall Street, the honeymoon is over for President Barack Obama.
Polls still show the President has strong popularity among the general U.S. population, and Obama continues to command power in Congress. But among investors, fairly or unfairly, there is griping that the new Obama Administration is at least partly to blame for the recent slide in stocks. Since Nov. 4, Election Day, the broad Standard & Poor's 500-stock index is off about 25 percent, and since Jan. 20, when Obama took office, the "500" is down 15 percent.
It's never easy to determine exactly why the stock market moves in a particular direction. Plenty of other factors have influenced stock prices since November. For example, the global economy has slowed further and the outlook for corporate profits has worsened.
(Excerpt) Read more at msnbc.msn.com ...
Gee, you think?
"The dreadful policy proposals will continue until the market rallies."
The MSM will be the last group to know how bad it is...
Yah sure, I b'lieve yah...
More hard hitting reporting from PMSNBC
Note be sold on Obama? LOL! This evil fools at MSNBC. After Hillary lost the nomination thanks to ACORN gangsta thugs robbing her at the caucuses — the market was at 13,500. After that it has been all down.
No one with abrain has any confidence in him. This is the working stiffs, investors, the taxpayers and middle of America that has no confidence at all. This is far worse than Carter’s darkest days. The fact that the Democrat Party and the MSM is following him taking the USA over the cliff is staggering.
“It’s never easy to determine exactly why the stock market moves in a particular direction.”
Uh, I think they are leaving out the fact that CONFIDENCE has a big role in our stock market right now.
>> “The dreadful policy proposals will continue until the market rallies.”
The beatings will continue until morale improves, eh?
Brack Wussybama finds the author’s lack of faith disturbing.
The media fools. The stock market IS the public polls. They can manipulate and lie with the polls but every day the market is telling us - NO CONFIDENCE.
has keith oberfuhrer named the stock market “worst perosn in the world” for not kissing obama’s a$$?
I’m not holding my breath.
As more and more people lose their retirement funds his popularity will go down, at least here, but he has ambitions to lead a one world government so I am sure all he cares about is pleasing those in countries that hate us. He will bring us down so that our only choice will be to unite with others in a one world government, then our constitution and rights will be worthless. He must be stopped. But I have a feeling this is a part of God’s plan, Jesus is soon to return to the earth, only question is, is Obama the AC or is he just the one to set up the AC?
As bad as things are right now, the economy was in worse shape in the mid 70s and early 80s. Unemployment was at 10% in 1982. When we reach 10% unemployment, then the Messiah’s favorabilities will decline. A lot of the young Messiah worshippers don’t think about retirement funds. However when they can’t find jobs, then they will think twice about worshipping him.
Well..DUH!
This is the exact direction that Balack 0’Bama wants the markets and country to go. Right where Ayres would have it. Right where Wright would have it. Right where his Missus would have it. In the tank so that socialism and communism will prevail!
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