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Join Date: Sep 2005
Location: Northern IL
Posts: 5,723
So far, it seems that every time Obama or his staff talk about the economy, the market dives. Obama will address America this Tuesday. Will the market like what it hears?
What say you?
-ERD50
PS - sorry for the typo in the POLL, date should be Feb 24, not 29.....
arghh, also messed up the date to end the poll (this is my first poll, sorry), meant for poll to end Feb 24 AM.
Last edited by ERD50; 02-22-2009 at 10:23 AM.
Reason: note typo
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I'm guessing there will be enough deliberate leaks and trial balloons before the speech that the market will have already priced in the effects of any policies contained in the plan. What can't be priced in is the way the speech comes across and the take of the pundits. If the speech is some kind of fireside chat that is well received by the press and they believe it might rally the American peope, then the market might actually go up despite the actual policies he's pitching. If this happens, it might be a good selling opportunity, since the market will likely go down once the backslapping stops and the policies take hold.
Of course, I'm a dyed-inthe-wool indexer without the strength of his convictions in these market timing issues, so don't mind me.
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 5,723
Well, I originally voted "disappointed". But the market is down today (Monday), so maybe even if the talk is seen as neutral the markets might climb just from a sort of release of pent up negativity?
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 9,542
Quote:
Originally Posted by haha
The market has to go up. Why not? Obama is bringing change, and we are all longing for change, aren't we?
I feel very good about this. Some people including me were getting to be too well off; Obama has changed this.
I am so happy.
Ha
OK, what nights are you doing standup, I'll be there!
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
Well, I originally voted "disappointed". But the market is down today (Monday), so maybe even if the talk is seen as neutral the markets might climb just from a sort of release of pent up negativity?
Nah. I don't think this market has any limit to its negativity and pessimism.
__________________ "Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
Do not rely on the information provided--my posts are not to be taken as legal advice. Needless to say you must consult with your legal representative. I am not responsible for errors. If I offended you with cya I apologize. If I did not, I tried.
I agree -- for months now, regardless of who's in charge, the market has made its vote of no confidence repeatedly clear. It voted "no confidence" on Bush and Paulson, it's voting "no confidence" on Obama and Geithner, and it's repeatedly voted "no confidence in Hell" on Bernanke regardless of administration.
__________________ "Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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