President Obama made an unusual statement suggesting investors to buy now.
Well, He is the most popular president and let us all hope this will stir the investors to buy and will revive the market.
What if the market still goes down? – It will get him a negative remark but if it kicks of the stock market that would be a very big boost for him as the president that helped the struggling market.
Market just goes by sentiment and if there is positive news that would go up.
Looks like the TV and Radio talk show hosts are evenly split on his remarks some siding with it and some questing his judgment.
Not sure if that is based on his words or Chain’s stimulus package prediction the market did react well and is going up.
DOW is up 155 points as I am writing this post.
And I hope this will start a big revival and we are going to go positive for the year very soon.