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  • CNBC's Macke: Obama Holding Dow Back 2,000 Points as Markets Sag

    03/05/2009 11:38:53 AM PST · by Rufus2007 · 75 replies · 3,386+ views
    NewsBusters ^ | March 5, 2009 | Jeff Poor
    Finally after five straight down days for the Dow Jones Industrial Average (DJIA), it rallied back 149 points to finish at 6,875 on March 4. But it picked right back up today and continued to fall. What's holding it back? CNBC "The Kudlow Report " host Larry Kudlow had Jeff Macke, founder and president of Macke Asset Management on his March 4 program and asked if the rally, along with other indicators might be signs of a recovery. Macke, a co-host of CNBC's "Fast Money" said he wasn't impressed and blamed President Barack Obama. "It would if not for an...