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President Obama Says Buy, Buy, Buy!
President Obama Says Buy, Buy, Buy!
by Brian Mikes
Wow! Did you see the news yesterday? President Obama continues to be a rule breaker… just yesterday he broke a long standing (unwritten) rule of the presidency. Never-ever comment directly on the stock market. It’s a simple rule that’s meant to protect our nation’s leader form looking like an idiot.
President Obama threw caution to the wind and mentioned stocks were undervalued.
He didn’t just say “Buy America” like every other president before him. Nope. He went out on a limb and said at these earnings levels the market is a great opportunity for a long term investor. Now, I’m para-phrasing here, but the impact was unmistakable.
As I write this the market is moving higher on the euphoria he’s created.
He doesn’t realize it but he’s created a big problem… but first, let’s ask a simple question. Is he right?
Is now the time to be buying stocks?
I know plenty of hedge fund managers laughing at that idea. These investors specialize in shorting the market. They see the market only heading lower. You’ve got to admit, they’ve made a lot of money in the last year or two. They’d argue now is the worst time ever to be investing. Maybe they’re right.
Source: The Dynamice Wealth Report
So is now the time to buy stocks? The indexes are down to record lows...
by Brian Mikes
Wow! Did you see the news yesterday? President Obama continues to be a rule breaker… just yesterday he broke a long standing (unwritten) rule of the presidency. Never-ever comment directly on the stock market. It’s a simple rule that’s meant to protect our nation’s leader form looking like an idiot.
President Obama threw caution to the wind and mentioned stocks were undervalued.
He didn’t just say “Buy America” like every other president before him. Nope. He went out on a limb and said at these earnings levels the market is a great opportunity for a long term investor. Now, I’m para-phrasing here, but the impact was unmistakable.
As I write this the market is moving higher on the euphoria he’s created.
He doesn’t realize it but he’s created a big problem… but first, let’s ask a simple question. Is he right?
Is now the time to be buying stocks?
I know plenty of hedge fund managers laughing at that idea. These investors specialize in shorting the market. They see the market only heading lower. You’ve got to admit, they’ve made a lot of money in the last year or two. They’d argue now is the worst time ever to be investing. Maybe they’re right.
Source: The Dynamice Wealth Report
So is now the time to buy stocks? The indexes are down to record lows...
Replies to This Discussion
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Permalink Reply by Brian Turner on -
Not sure if I agree with the President on this one. I don't think it's a good idea for him to discuss stops. That's just my opinion!!
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Permalink Reply by DeVonne Batts, MBA, Realtor on -
I’m not really sure that I agree with the President in this case either. Although I understand that the best time to buy stock is when they are undervalued. I also understand that the President is trying to instill confidence in the market. But since we don’t have a crystal ball, I think it is best if he sticks to the long standing rule of the presidency and not comment directly on the stock market.
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Permalink Reply by Brian Turner on
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I meant stocks not stops. :-)
Well the market has really rallied since the President's comments. I plan to get back in soon!!
Quote of the Day
Franklin D. Roosevelt
"Men are not prisoners of fate, but only prisoners of their own minds."
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