Posted on 03/04/2009 4:03:25 AM PST by Loyalist
WASHINGTON -- President Barack Obama Tuesday urged coordinated action to fight the worldwide economic crisis, joining British Prime Minister Gordon Brown's call for a global response.
A month before Mr. Obama travels to London for a summit of the Group of 20 major developed and emerging economies, the United States and Britain are grappling with turmoil in their banking sectors caused by toxic mortgage securities.
The bad debt has crippled lending and added to fears in global stock markets about a worsening recession.
....
In comments that gave a temporary lift to battered stock prices, Mr. Obama also said there were "potentially good deals" to be found at the market's current depressed levels.
"What I'm looking at is not the day-to-day gyrations of the stock market but the long-term ability for the United States and the entire world economy to regain its footing," he said.
(Excerpt) Read more at nationalpost.com ...
"Almost like new...owner was a little old lady who only used it to drive to church on Sunday..."
Note to Barry, on a related note: Have someone explain P/E ratios to ya, pard. Pronto.
Obamaconfiscation II
This coming from a guy who has killed the stock market since he began “ruling”.
GOOD DEALS??
Really?
Maybe some shares in a bank which might soon be nationalized?
Or maybe in an Automaker about to go belly up?
Or maybe in a company which manufactures parts for the Auto Industry?
How about Oil Companies whose profits are likely to sink when the Tax Increases take effect?
Or, just maybe in a smaller company whose likely to decrease staff (and production) due to the pending tax increases?
About the only sector with any “growth” potential is the Public Debt. We already have enough “shares” in that particular offering.
The best deal is to sell short.
Bambi is so pathetically ignorant that it’s hard to know where to begin.
Maybe Obama could recommend a few stocks with really good “profit to expense” ratios that I should buy...
I’m always looking for a good deal. Or I would be, if I could afford to buy any stocks. And thought that they wouldn’t eventually be taken over by the government.
Mark
Now the Messiah is an investment advisor. Why didn’t he use some of ACORN’s millions of dollars and invest in the stock market for the benficiaries of his ‘community organizing.” No, it’s far superior for Barack’s people to get perpetual government handouts. That way, they’r einsure dof freebies, we can employ that many more government workers at taxpayer expenses and the government gets to increase its power over people’s lives.
What do we slobs get? Higher taxes and less liberty. Great deal this USA
Day-to-day gyrations ? More like death throes.
I wouldn’t take Barry’s word for which chewing gum to buy, much less spending what’s left of my hard earned and saved money.
A company has to make a profit first before it has stock value.
Not so long as the carbon tax waits in the wings. Its cost will be added to everything every American buys, sells, transports. The mythical $13 rebate won’t even begin to cover the increase in cost of living.
no need, his buddy Tony Rezko is getting into the investment business so he’ll just rely on Tony or maybe his Sec of State and her uncanny ability to pick cattle futures.
I saw something earlier in reference to Barry messing up on P/E ratio. What'd he do?
Very little left to sell short....
So, which reporter or media person will ask 0bama how much of his own money he is putting into the stock market?
Many have claimed “buying opportunity”
.. when the market was at
11,000
10,500
10,000
Most of them went quiet when the market hit 9,000 and continued/continues falling.
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