Wednesday, March 4, 2009

DID HE REALLY SAY THAT?

Yesterday, in an attempt to inject confidence in the markets, Pres. Obama said the following:

"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?

*crickets, crickets*

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!


No comments: