[quote=flu]One thing definitely consistent. Obama talks ==> Market tanks…. -290 now that he is actually talking about the GM plan.[/quote]
Staying out of the politics of this since I’m traditionally a liberal, but not thrilled with how Obama’s been handling things…
But, I have to comment on how funny this one statement is, FLU…
Obama was EVERYWHERE last week pushing his new bail-out-the-banks plan… Lots of speeches, town halls, lots of Tee-Vee, Leno, 60 minutes… You couldn’t hide from the man. The market went up last week (until Friday.)
Correlation does not equal Causation. He talks, the market goes up…
…or it goes down.
He stays quiet, the market goes up…
… or it goes down.
I don’t think you can make a strong case for Obama speaking being the sole reason for the market swings.
