When it comes to global warming, the Gore Effect refers to the uncanny ability of global warmingist's to plan events and have the weather turn dreadful with massive snow storms occurring.
We now have the Obama Effect whereby the markets will tank as soon as he opens his piehole about his plans for saving the economy.
At 11:20, Obama made remarks to the media about the economy during a presser on earmark reform and guess what happened?
Like clockwork we suffered a nearly one hundred point drop on his remarks. Confidence should join hope and change in the Obama slogan.
Add Geithner to the mix and you have a double whammy of concerned Wall Streeters yelling "SELL!".
Chart via Bloomberg.
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