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...