Maybe Barack Obama needs to send another request for funds to his database of 10 million addresses. Only thing is this time he should ask them to go buy some stocks, instead of selling the little they have, if any.
Last week the market had it’s worst Presidential Election week ever, AP tells us:
Wall Street ended a turbulent week with another astonishing show of volatility Friday, with stocks plunging, recovering and then plunging again as investors absorbed another wave of downbeat economic news. The Dow Jones industrials fell almost 340 points and the major indexes all fell sharply for the second straight week.
For the week, the Dow lost 4.99 percent, the S&P fell 6.20 percent and the Nasdaq tumbled 7.92 percent.
If Barack is this harbinger of hope and since he was elected because people had faith in his ability to handle the economy, shouldn’t people be rushing to the market to buy as much equity up as they can as his stewardship is bound to make things much better, not worse?
Well, it seems the reverse is the case, people are bailing out while I know the market is bound to recover, it always does, the losses the market has suffered since Barack was elected should give those who voted for him based on economic factors, cause to reconsider.
Posted by PUMA Pundit
