1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Obama: Buy Stocks!

Discussion in 'BBS Hangout: Debate & Discussion' started by basso, Mar 3, 2009.

  1. basso

    basso Member
    Supporting Member

    Joined:
    May 20, 2002
    Messages:
    30,645
    Likes Received:
    7,139
    it's just a gyration, and companies are starting to hire! this, a day after HSBC announced 6k job cuts.

    http://blogs.abcnews.com/politicalpunch/2009/03/bullish-obama-s.html

    [rquoter]Bullish Obama Suggests Nation Should Buy! Buy!
    March 03, 2009 1:29 PM

    President Obama told Americans to take a look at investing in the stock market this afternoon, a remarkable utterance for an American president, especially as the Dow Jones Industrial Average proceeds on its course Southward.

    "What you're now seeing is ... profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it," the president said on a day that trading continued to hover under 7,000.

    The president predicted that Americans' consumer confidence would improve as they see the stimulus bill "taking root."

    "Businesses are starting to see opportunities for investment and potential hiring," he said. "We are going to start creating jobs again."

    President Obama made his comments in the Oval Office during a photo opportunity with British Prime Minister Gordon Brown, where the two world leaders took a handful questions from the media.

    Asked about the troubles of the stock market, seeming to reflect investor insecurity about the Obama administration's economic plans, the president said he was "absolutely confident that they will work, and I'm absolutely confident that credit's going to be flowing again, that businesses are going to start seeing opportunities for investment, they're going to start hiring again. People are going to be put back to work."

    Obama said he wasn't focused on "the day-to-day gyrations of the stock market, but the long-term ability for the United States and the entire world economy to regain its footing." he compared the Dow Jones Industrial Average to a daily tracking poll in politics. "You know, it bobs up and down day to day," he said. "And if you spend all your time worrying about that, then you're probably going to get the long-term strategy wrong."[/rquoter]
     
  2. pgabriel

    pgabriel Educated Negro

    Joined:
    Dec 6, 2002
    Messages:
    42,899
    Likes Received:
    3,068
  3. rimrocker

    rimrocker Member

    Joined:
    Dec 22, 1999
    Messages:
    22,495
    Likes Received:
    8,592
    He should have said just go to the mall and shop.
     
  4. basso

    basso Member
    Supporting Member

    Joined:
    May 20, 2002
    Messages:
    30,645
    Likes Received:
    7,139
    or schizophrenia on the part of the threads' subject. no wonder the market doesn't trust him.
     
  5. Deckard

    Deckard Blade Runner
    Supporting Member

    Joined:
    Mar 28, 2002
    Messages:
    56,883
    Likes Received:
    39,244
    I'm considering it. We have nothing in the market today, having been smart enough, or lucky enough, to stay away from stocks the last few years, like they were radioactive. I'm waiting to see if the S&P goes down some more, then I'm buying index funds.
     
  6. MadMax

    MadMax Member

    Joined:
    Sep 19, 1999
    Messages:
    74,419
    Likes Received:
    21,730
    He was waiting for my posts the other day on the economy and buying for value long term.

    No problem, Mr. President.

    No, thank you!
     
  7. pgabriel

    pgabriel Educated Negro

    Joined:
    Dec 6, 2002
    Messages:
    42,899
    Likes Received:
    3,068

    if you actually read what you post you'll realize the only schizo is you, there's nothing contrary in the two subjects only the way you frame them in your usual obama hate.

    you had nothing to say when bush had to beg for $700BB for Wall Street when this first started, or his feeble political attempt to give everyone $600 last year. now you have a problem with obama's efforts to help the economy. right
     
  8. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking
    Supporting Member

    Joined:
    Jun 11, 2002
    Messages:
    14,610
    Likes Received:
    5,659
    "Profit and earnings ratios"??

    Spoken like someone who has not the first clue about the stock market. Good grief 53% of our great country is stupid.
     
  9. okierock

    okierock Member

    Joined:
    Oct 3, 2001
    Messages:
    3,127
    Likes Received:
    196
    Actually, saying this is better than preaching economic doom and gloom constantly.
     
  10. Supermac34

    Supermac34 President, Von Wafer Fan Club

    Joined:
    Mar 31, 2000
    Messages:
    7,024
    Likes Received:
    2,312
    So the President just told everyone to go invest in the stock market, the same stock market that is being stomped by the potential earnings destuction of his own future policies to energy, health care, etc.
     
  11. Ryan Bowen MVP

    Joined:
    Mar 27, 2006
    Messages:
    368
    Likes Received:
    1
    And to think, McCain was saying only a few months ago how our economy was 'fundamentally' doing well.
     
  12. okierock

    okierock Member

    Joined:
    Oct 3, 2001
    Messages:
    3,127
    Likes Received:
    196
    True. I didn't vote for Obama but man... I hated voting for McCain, talk about worthless.
     
  13. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking
    Supporting Member

    Joined:
    Jun 11, 2002
    Messages:
    14,610
    Likes Received:
    5,659
    Actually, this is a lie. He said the fundamentals were strong, and compared to now, they were. Low interest rates for borrowers, low taxes, a much higher stock market, etc.

    He was trying to be positive about the economy, a key role of the President. Obama has done none of the sort, prior to his botched attempt today. All Obama has done is tried to blame Bush. That act is getting pretty old and really solves nothing.
     
  14. CrazyDave

    CrazyDave Member

    Joined:
    Nov 21, 2002
    Messages:
    6,027
    Likes Received:
    439
    Just like Bush and Paulson were doing a month before the bottom began to fall out. Now the demhaters would have you believe that the trouble began the minute Obama took office, or wait, was it when he gained momentum in the polls, primaries?

    TJ just can't help but try and blame what is a nationwide/worldwide issue on his rival team. They are all proving they will do anything to try and appear superior or at least push the bad air from their side of the aisle to the other.

    Most sensible people, I think, realize there's enough bad air to fill both sides and then some.
     
  15. SamFisher

    SamFisher Member

    Joined:
    Apr 14, 2003
    Messages:
    59,372
    Likes Received:
    37,099
    Wow - it's amazing how the wingnuts have all become C.F.A's in the last month and are able to precisely trace stock market movements to presidential policies.

    They should form a wingnut quant hedge fund to take advantage of their newfound brilliance. If only Obam didn't tax themthey would!

    Congrats Supermac34 - I trust you've been killing it with your shorts.
     
  16. FranchiseBlade

    Supporting Member

    Joined:
    Jan 14, 2002
    Messages:
    49,563
    Likes Received:
    18,116
    Really? I don't remember Obama telling people not to buy stocks. If he had said that, and then did a 180 today maybe. That isn't the case here, though.
     
  17. zantabak1111

    zantabak1111 Member

    Joined:
    Aug 13, 2008
    Messages:
    545
    Likes Received:
    0
    Too bad the bulk of Obama's supporters could only dream of having extra cash to buy stock with. Perhaps they can start some sort of turn welfare into stock program???" I didn't want to change the subject but there is no confidence coming from the wealthy that this guy is going to turn our country around. The fact is that there are 9,000 earmarks in the Obamamania spending bill, that the economic stimulus bill contained no Republican input or that their budget would increase taxes on all Americans." What happened to our transparent administration? Its a lie, go figure.
     
  18. mc mark

    mc mark Member

    Joined:
    Aug 31, 1999
    Messages:
    26,195
    Likes Received:
    468
    Srsly?!?!


    Republicans are ridiculing the President when he suggests Americans should invest in the stock market?!?!?

    It has truly become bizarre world.
     
  19. Northside Storm

    Joined:
    Dec 24, 2007
    Messages:
    11,262
    Likes Received:
    450
    "Country first."

    "Flip-flopping."

    Hip-hop GOP.

    The 21st century republican party is more or less the equivalent of epic failure.
     
  20. Deckard

    Deckard Blade Runner
    Supporting Member

    Joined:
    Mar 28, 2002
    Messages:
    56,883
    Likes Received:
    39,244
    Why don't you troll somewhere else? Do us all a favor? Thanks in advance.
     

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now