When the market was really down, many in the Financial and political press stated that "the market" was making a judgement on President Obama and his policies. As of Thursday, the major markets were either up or flat since the Obama Presidency. Using the same logic either Obama must be doing great over the last 3 weeks. Yet, now that metric is no longer used.
The market came back because stocks were oversold, or people realize that the economy is not as bad as they thought, but not because of Obama? Down really big - Obama. Up really big - fundamentals.
This is politics. Don't take these finiancial people seriously because they are more political than focused on the economy.
It's a shame that people won't be intellectually honest and serve our nation well.
It's a challenge to get accurate financial analysis.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment