Obama Compares Stock Market Plunge to Campaign Polls

Most people do use stocks for long term investments. He is correct in saying that looking at the day to day activity will cause you to make wrong investment moves. Quit trying to make something out of nothing. PS tell Rush I said "hi" while your shining his shoes this morning, Matt.

The stock market shows the personality of the americans people who invest, whether it is short or long term kind of investment, and right now, its gloom and doom. This is a very serious problem, but you can't tell that to liberals, because they believe the president elect will create a miracle and save our scrawney ass. What we need now is a real honest to goodness real life patriot leader who believes in the spirit of captalism to continue our quest for greatness

what a stupid analogy, obama! when campaign polls fall the only ones hurt are politicians. when the stock market falls, the entire world feels the pain.

Sunshine for everyone Obama is selling Sunshine!! Everyone put what's left of your money in the stock market Obama says it's .....OK!

Don't forget we do have "Biden" overseeing the stimulus money to make sure it is spent wisely now ...that in it self should make us all feel that big ray of sunshine Obama has given us

Robin Hood and his Merry Men are looking out for you!

Wow boneheaded again obama! how can he trivialize a key economic indicator?

it has not gyrated since his tenure began it has PLUNGED. when he took office we were at 9200+-

now we are 2500+- less. percentage wise this is a SERIOUS drop. just goes to show that he is on a learn as you go curve. He really is in over his head. how did we ever elect such an infant? I did n't vote for him and know NOONE who did.

What's your point? What would you have Obama do? Rant and rave? He's absolutely right - ask any rational, normal economist or stockbroker. Study the history of the stock market. It moves up and down constantly, especially during times of turmoil. A recovery would still be characterized like this. The only way to see it clearly is to take the long view. Trying to paint Obama as somehow unfeeling because he's stating a fact is silly.

This appears to be another excuse for a gratuitous attack on President Obama. It's pretty lame.

The market is also an indicator of where investors feel the economy is headed, not just where it is today. The fact that every time the White House rolls out a new proposal the market plunges shows the direction people with money in the game think the economy will be in the future.

http://federalistblogs.wordpress.com

Billy8:41AMMar 4th 2009

Most people do use stocks for long term investments. He is correct in saying that looking at the day to day activity will cause you to make wrong investment moves. Quit trying to make something out of nothing. PS tell Rush I said "hi" while your shining his shoes this morning, Matt.....Say hi to Obambi for me while he is shining Matt and Rush's shoes, the way he is destroying this country he will be lucky if hes not impeached in 6 months.

Obama's comparison between the stock market changes and changes in polls on a day to day basis certainly should not be taken as him being dismissive of what this economy is doing to people personally. Get real. This President has shown more compassion and concern for the lower and middle class than any Republican President EVER. And look at all the Republicans crying now, because Obama wants to raise taxes on the wealthy!

hey JAN: it is not a silly attack as he trivializes a key index.

it would be oK if it did in fact gyrate. gyration would indicate an up as well as down movement in rapid succession however we have had about 2 really sorry up days with the rest declining. do the math 9200 when he took office 6800 at present thats 2500 points appx. in percentage terms that is about a 30% drop in value since he has been in office.

what this indicates is the financial sector has NO confidence in obama and his socialist plans. has he revamped any SEC regs or banking rules ETC? No. without investor and consumer confidence you have NOTHING.

Virginia - you got it right. I cannot understand how President Obama could make such a serious joke about the gyration of the stocks.

I guess for those of you who believe it's just a cycle,(like Pres. Obama) you don't have any money in the stock market. So you could care less what it's doing. To the rest of us who do have STOCKS we are loosing every day more and more. If no one invests because they have no faith in the government soon we all be equally poor and I believe thats what you want.
and to big bucks: how does a $1.00 gasoline tax only hit the rich?????? Apparently you don't drive.

If Obama and Robert Gibbs would just stay quiet for a week or so, maybe the market would, at least, level out. Seems like every time one of them opens his mouth, stocks dip to new lows. Could someone keep the cameras away from them for awhile?

Its obvious SOMEONE doesn't understand the stock market...

just another writer trying to whip up the minion...

remind me to change the channel next time Matt Lewis is yapping...

and it is a good idea to buy now, buy low, sell high...economics 101...in the long haul, a small investment, one that you won't miss, will pay off...

you better stick your bucks under your mattress, Matt...

serious joke??


oxymoron....

Do you guys know how JP Morgan is....


go read what he said about the stock market...

who