Wednesday, February 25, 2009

Dear Obama: Wall Street's Just Not That Into You

Another jaw dropping response to Obama's jabbering jaw. Maybe he and his posse should just shut up. Or maybe listen to what the market is telling them: Your plans STINK!


Wall St. drops after data, banks fall
Wednesday February 25, 2009, 10:15 am EST
Yahoo! Buzz Print
NEW YORK (Reuters) - Stocks added to losses on Wednesday after data showed the pace of existing home sales unexpectedly fell in January, while bank shares slid on continuing worries over the fate of the sector.


Reuters - Traders work on the floor of the New York Stock Exchange February 24, 2009. REUTERS/Brendan McDermid ...

The tone was set early by disappointment President Barack Obama shed little new light about how his administration would stabilize the economy in a major speech before Congress.

The Dow Jones industrial average (DJI:^DJI - News) fell 141.46 points, or 1.92 percent, to 7,209.48. The Standard & Poor's 500 Index (^SPX - News) lost 15.88 points, or 2.05 percent, to 757.26. The Nasdaq Composite Index (Nasdaq:^IXIC - News) was down 28.26 points, or 1.96 percent, at 1,413.57.

(Reporting by Leah Schnurr; Editing by James Dalgleish)

2 comments:

Anonymous said...

eveWe need to understand the full picture. Not just be another talking head as in the media. If the media would speak positive about the big picture. I also am a consertive and I did not vote for Obama. But I must admit that he has got more back bone than any american that has had the bully pulpit in along time. Doing what is right for all americans is not an easy step to take, know more that haveing surgery when you have a cancer in your body.Which is what we have in america. After the surgery you have to learn to do the things over again that you once took for granted. If every one tells you not to have that surgery any you die then what! America needs this surgery and it has needed it for along time. We don't need to only thing of our personal agenda as the Repubs have all these years. We need to thing of each other. So having said that what would your solution be and do you think it would really work or is it just your opion based on the media. We all know who owns the media!

Kathy said...

MadMom,

The thing is, BO and the Administration could care less about the Market's performance - each day it goes down and we lose more and more of our savings, investments and retirement, makes them that much closer to having complete control over us. Their hope and plan is that we will then submit and will love their plan for universal health care, will beg to become part of one of their unions, will succomb to the belief that "only the government can fix things."