Off-Topic: A perfect example for Obama

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	Name:	MartiniMan -
	Subject:	A perfect example for Obama
	Date:	3/30/2009 4:05:45 PM

Today is a perfect example of how the President can impact stock prices by what he says in the short run. We are down over 250 points simply based on what he said about the GM and Chrysler plans. I am not debating the merits of what he said, I am simply pointing out that words have meaning and the markets do react rather strongly to a perception of the future based on what the President says.

I also maintain that what he does along with Congress will impact the markets in the long also. On that front I am likewise not encouraged. I have some cash on the sidelines that I considered deploying but after the budget proposal I have decided to stay on the sidelines with regard to the stock market anyway. Maybe precious metals or currencies (betting against the dollar unfortunately) is the way to go.

Other messages in this thread:

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A perfect example for Obama - MartiniMan - 3/30/2009 4:05:45 PM

A perfect example for Obama - water_watcher - 3/31/2009 6:32:19 AM

A perfect example for Obama - MartiniMan - 3/31/2009 8:38:44 AM

A perfect example for Obama - Old Diver - 3/31/2009 5:13:35 PM

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