"On the other hand, 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."
Eh, Mr. President. I think it's Price to Earnings. Better known as the PE Ratio.
Yes sir! Don't you just want to pick-up the phone, call your broker, and buy some of those "potentially good deal" stocks?
Two questions Mr. President:
1. What stocks look attractive to you right now?
2. A long term perspective??? How long, sir?
Oh by the way! Since the election, the Dow has dropped 2,900 points or nearly 1/3 of its value.
NOW THAT, MY FRIENDS, IS CHANGE YOU CAN BELIEVE IN.
CHANGE YOU CAN TAKE TO THE BANK!