EI84mzk2E8AmuBYt0y5NY8kJU3M
nav-left cat-right
cat-right

The Obama Effect In The Stock Market

Now that Barack Hussein Obama has won the election, what will it do to the stock market? At this moment no one is really sure. I will say that since Tuesday morning the Dow has lost 600 points, that’s a drop of 6% in one week.
.
During the campaign, we heard that a new President will save this economy as well as the stock market, President bush has ruined this country and many other negative comments.
.
We are to believe that President -elect Obama is exactly what this country needs to bring us back from the disaster of the last eight years. it’s not a new President that this country needs, it’s fiscally responsible policies that will save it and nothing else.
.
The markets are showing us in the last week that they are still not confident in what is presently going on in Washington. When Obama spoke last Friday, the DOW dropped 100 points, it did gain back those loses by the end of the day, but not any more.
.
Obama’s camp announced this morning that they would be making any more cabinet selections this week, which again gave more reason to feel confident.The markets were up big again today when the bell rang (+200 on the DOW),but started selling off immediately where at 1:00pm it gave back 300 points. Since then it has started to climb, but who knows where it will close at the end of the day.
.
There is still to much fear and uncertainty in the stock market and we should all be ready for anything. I don’t see good thing in the rest of this year and I’m prepared for it. If I’m wrong, well then the worse thing that will happen to me is that I’ll miss out on some gains, but if I’m right I’ll save myself alot of trouble.
.
.
P.S. Want to learn more about the stock market? take a free two week trail with Jim Cramer from TheStreet.com

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge