Why are people around here thinking Obama is already President? For those here that are unaware the President takes over on 20 January 2009. I am sorta surprised that folks around here don’t know this. Some FREEPERS were saying that Obama’s Presidency has lost stock market numbers. I wonder how somebody so smart can be be so stupid. FREEPERS are of greater intelligences but they don’t know that it is still Bush’s stock market? Sad!!!!
The market reacts to the future, and the future does not look good. Obama's capital gains tax increases will only exacerbate the situation, and the market's investors are trying to find out where "stable" is right now. So it is an Obama market as well as a Bush market, even more so when you consider that Obama has been a sitting US senator who theoretically could have been offering solutions the past 4 years.
” I wonder how somebody so smart can be be so stupid. FREEPERS are of greater intelligences but they don’t know that it is still Bush’s stock market? Sad!!!!”
Riggggghhhhhhht. The market looks back, not forward. Good grief...