Move over, Jim Cramer. There's a new stock picker in town, and his name is Barack Obama:
WASHINGTON - A bullish President Obama says the ever-sinking Dow hasn't gotten him down - in fact, this might be a smart time to buy into the stock market.
What you're now seeing is profit-and-earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it," Obama said Tuesday.
U.S. stocks broke a five-day losing streak Wednesday, as shares rose around the world, oil and metal prices rallied and Treasuries fell...
Tomorrow:
Amazon.com Inc. shares skyrocketed more than 19% yesterday after President Barack Obama upgraded his one-year target price on the company's stock to $400.
OK, OK, actually that last item is really a slightly altered news story from 1998. But you have to wonder if Obama is angling for a job at CNBC when this whole president thing is over. Maybe he and Rick Santelli could host a show together
UPDATE: Speaking of stock pickers, "The Daily Show" ripped CNBC to shreds last night in a devastating piece that shows once again why more Americans get their news from Jon Stewart than any other source. Watch it below, and Mark Karlin has more to say about this.
Unfortunately, it looks like President Obama's record as a stock picker is starting to resemble Cramer's.
Posted by Will Bunch @ 9:36 PM
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74 comments
It seems to be working. Hope he keeps it up.
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But but Obama is going to destroy the economy! He's going to destroy the stock market! He's going to usher in the anti-Christ! Blah blah, different day, same whiny Republican bitching.
will iS the SUCks!!!!!!!!!!!!
...........can't wait for your next post!"
I guess this is the right comment because that is what everyone else comments......
Let me see Obama's stock portfolio. Since he's so bullish, I'll buy what he's buying. Obama talks alot, and this would be the first time that stocks have responded in a postive way to Obama's comments.(if there even is a correlation) Not too good a record, if you ask me.
Hey Bunch, where's the insightful commentary on the AFL_CIO big wigs partying down at a five star resort in Miami beach while their members are losing their jobs like they were wall street bankers. Bunch? Hello???
Profit-earning ratios? P-E's are PRICE-earnings ratio. Amatuer (and clueless) hour continues in DC.
Is he going to tell us when to sell, too? Or would that be insider information?
Watch out Will The Shill... blaspheme the 0bamassiah and you will end up on Barack Milhous 0bama's Enemies List.
You know they got nothin when all they got is insults.
Does Obama think Philadelphia Newspapers Inc. is a 'good deal' too?
I don't know what's funnier-the post, or the commenters who don't know what irony is.
Want to see stocks rise - stop rewarding insolvent government agencies, financial instutions, and taxpayers that are currently delinquent in their mortgage payments and in bankruptcy, utilities, credit card debt and taxes. A stimulus should endeavor to have others emulate sound practices not reward atrocious managment, policies, fraud, and irresponsibility whether commited by government, private industry or individuals. - Otherwise, call the stimulous what it is - WELFARE - and we all know how that has worked in the past.
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Will Bunch, a senior writer at the Philadelphia Daily News, blogs about his obsessions, including national and local politics and world affairs, the media, pop music, the Philadelphia Phillies, soccer and other sports, not necessarily in that order.
Will Bunch, a senior writer at the Philadelphia Daily News, blogs about his obsessions, including national and local politics and world affairs, the media, pop music, the Philadelphia Phillies, soccer and other sports, not necessarily in that order.
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