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.
No comments:
Post a Comment
Comments are slightly moderated. All racist, anti-semitic or otherwise idiotic comments will be deleted and the person who left them will be laughed at, derided and scorned.