This is a simple case of "don't tell me, show me". Perhaps if there was a slight effort at reform people could determine for themselves that it was time to buy.
Sure, let the Socialist President tell the sheepole to buy stocks because the bottom is in. That's the ticket. Sure Obama, Take away tax credits for RE as you have proposed, raise tax on the Wealthy and take Lower the tax write offs for "Charity"......but tell the simple people that voted you in 52% of the American people, which 50% of those may have 401ks, to buy stocks. LOL, Obama. Rush was right on his speech to CPAC. You have no idea what the hell your doing. Good luck Middle Class, buy em long and strong...because Uncle Obama say's the bottom is in!!!!!! NOW THATS CHANGE!!!
Ooops... it appears that the folks who voted for the new administration don't appear to have 401k's since they figured they would just vote themselves more retirement benefits when it was their time. And since evil corporate entities which are capitalist pigs control those equities, they wouldn't invest in them anyway. Except green energy, biodiesel, and AAPL. So I guess we move a few of those into the dow now to replace old economy companies such as C, BAC, JPM, GE, and GS? Guess the posturing needed to pass TARP II worked well. A little too well, it seems, as open discussion of flight of capital is starting to pop up around the 'net in places you just wouldn't expect it. I'll study my charts a bit more tonight as I think I need to make a major shift in strategy.
WTF is going on. First he says things are going to get much worse, then a couple weeks later things are going to be ok. I guess he got too may complaints about being too gloomy, so now hes going to do the exact opposite? Within weeks?
drsteph, be careful...........study your charts well. Futures point to a slight down open possible 40 points on the Dow. IMHO, buying a down open tomorrow has risk, but its worth it if you pick the proper stocks. What happen in 29, there was a Rally that was caused by panic buying, it suckered a lot of folks in, only to wipe more wealth away. Then followed the Great Depression. Now, I am not saying this will happen. IMHO, this Depression will be mild compaired to 29. However, this market is so oversold, that telling people to get long is, well a no brainer, Hence MR OBAMA. However, keeping people long is stupidity. I no longer play equities other than investing. I have 5000 shares of Ford at 1.80, I have some Softy and INTC. These are long term plays. My game is Oil now. So, what I say is neither expert or wisdom, just a "hunch" persa. E
Private SS monies was to invest a large majority in Bonds, Muni's and Treasuries. Only a small part in the stock market and then only over a 20-40 year time period. In fact had this happened most people would have made a fortune in US Bonds. Shouldn't Obama provide a disclosure statement with his advice. You know....one saying he has a vested interest in the failure of the capitalistic system.