What happened yesterday after the inauguration? Did investors expect too much in his speech? Then when he talked about what our country is going through, was it too much bad news? As if they didn’t already know.
That we are in the midst of crisis is now well understood. Our nation is at war, against a far-reaching network of violence and hatred. Our economy is badly weakened, a consequence of greed and irresponsibility on the part of some, but also our collective failure to make hard choices and prepare the nation for a new age. Homes have been lost; jobs shed; businesses shuttered. Our health care is too costly; our schools fail too many; and each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet.
How does this happen? Where does all that money go?
Here is the full text to his speech: Obama’s inaugural speech
January 21st, 2009 at 4:21 pm
The market moves from “Obama Day” don’t matter. A day after those events and the market has adjusted and recovered from it.
Look to see where the dow is in mid 2010 to see what impact Obama may have had on the market.
January 28th, 2009 at 11:49 am
Who are the people getting scared? wallstreet or mainstreet?
I hate when that happens