>
> > > e-marks-fastest-new-president-nearly-century/>
> >
> > The Dow Jones Industrial Average has fallen faster under President Obama
> > than under any new president in at least 90 years, according to a review
> > conducted by Bloomberg.
> > Bloomberg reports that since Inauguration Day, the Dow has fallen 20
> > percent, leading at least one investor to dub this the "Obama bear
> > market." The Dow has also dropped 31 percent since Election Day.
> > Despite a string of government bailout offers and Obama's advice earlier
> > this week that Americans should be buying stock while shares are low,
> > the Dow has continued to freefall.
> > Bloomberg reported that Obama is at risk of breaking a historical trend
> > -- in which the Dow soars an average of close to 10 percent in the first
> > year after a Democrat wins the presidency.
>
> O-bottom's quote of the day:
>
> "What I'm looking at is not the day-to-day gyrations of the stock
> market but the long-term, uh, ability for the United States and the
> entire world economy, uh, to regain its footing. Uh, and, y-y-you know,
> the stock market is sort of like a tracking poll in politics. It bobs
> up and down day to day, uh, and if you spend all your time worrying
> about that, you're probably going to get long-term strategy wrong. ...
> What you're now seeing is profit and -- and earning ratios are -- are
> starting to, to get to the point where buying stocks is a potentially
> good deal if you've got a long-term perspective on it. Uhhh, I think
> that consumer confidence, as they see the American, uh, Recovery and
> Reinvestment Act taking root, uh, businesses are starting to see
> opportunities for investment, uh, and potential hiring." --Barack Obama
I can't believe how dumb this guy is. No business sense what so ever.