Nov 11, 2009, 10:34am
Nov 10, 2009, 8:45am
Sitting with British Prime Minister Gordon Brown a little while ago, Obama reassured Americans that now is the time to buy stocks for the long-term. Excellent.
Update: Bloomberg has it.
Update 2: Reuters too.
Obama Says Now May Be a Good Time to Buy Stocks [Bloomberg]
Obama says stocks potentially a good buy now [Reuters]
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Posted by guest , Mar 03, 2009 12:47PM
What part of, 'We Are The Ones We've Been Waiting For', do you not understand?
Posted by guest , Mar 03, 2009 12:47PM
In response, I'm calling Dow 5,000.
Posted by guest , Mar 03, 2009 12:48PM
NO!
In the long-term we are all dead.
My CNBC/FBN indicator is the most accurate.
Link please.
Posted by guest , Mar 03, 2009 12:51PM
Those who pick bottoms end up with brown fingers. Oh, nevermind.
Posted by guest , Mar 03, 2009 12:52PM
obama should give geithner public speaking lessons. he sounds like a nervous high schooler on his first date, stumbling over his words
Posted by guest , Mar 03, 2009 12:52PM
I do not listen to any financial advice that does not come with bright colors and sound effects, thank you.
Posted by BlackSwan06 , Mar 03, 2009 12:54PM
The Lou Dobbs school of paraphrasing strikes again... always entertaining EP.
Posted by Lowly Assistant , Mar 03, 2009 12:55PM
"After Jesus said this, he spit on the ground. He made some mud and smeared it on the man's eyes [...] When he had washed off the mud, he could see."
Posted by guest , Mar 03, 2009 12:57PM
Christ. The inmates are in charge of the asylum people. Put your money in cigarretes and ammunition. If there is any left I suggest gold bars - smaller portable weights.
Posted by guest , Mar 03, 2009 12:58PM
Obama said:
“buying stocks is a potentially good deal if you’ve got a long term perspective.”
That's not calling the bottom. That's something retail brokers have to say many times during the day.
Looks like the headline writer doesn't care to read the article. Or is a NY Post alum.
Posted by guest , Mar 03, 2009 12:58PM
i dont want the obaminator rubbing spit in my face thank you very much! bush fine, but not this guy!
Posted by guest , Mar 03, 2009 12:58PM
@2
I'll raise your 5k and call 4k
Big O is clueless...its sad
Posted by guest , Mar 03, 2009 12:58PM
When I think of Obama I surely think of investing wizard
Posted by guest , Mar 03, 2009 12:59PM
@13
When you think of garbage, think of Akeem
Posted by guest , Mar 03, 2009 1:02PM
If I can have bailout funds in the event of portfolio collapse, then I'll happily buy everything in sight, and keep the upside for myself. Odds on this working out improve dramatically if I do this with a mortgage and no job.
Posted by guest , Mar 03, 2009 1:02PM
Charlie Rangel holding a hearing on tax issues!!!! This is like an alternate universe. Who coined the term 'culture of corruption' once?
And all you UWS folks know that you are responsible for Charlie Rangel, right? Funny to see people head to FL and OH to influence election outcomes but do nothing abt stuff in their own backyard.
Ahhhh, progressives. Teach the morons in the rest of the country who to vote for while producing such gems from your own district.
Posted by guest , Mar 03, 2009 1:04PM
There isn't any real debate that republicans in general are white, hard working, responsible, entrepreneurial, trust worthy, good neighbors, and people who you want as your friends, your relatives, and in your neighborhoods. Democrats in general are black, mexican, white trash, lazy, looking for handouts, ready, willing, and able to destroy progress, socially draining, uneducated, and out to do whatever it takes to steal whatever they feel they deserve.
We can argue over the specifics and the politics all day long, but there isn't a man woman or child who doesn't know what I just said is in general, the absolute honest truth. You can almost look at someone and know instantly if they are a lowlife scumbag, or a republican you wouldn't have any fear of. Argue about it all day long, but you know these truths are why we will never compromise on values in America more than a few years as this socialist experiment destroys all it can.
Posted by guest , Mar 03, 2009 1:05PM
I'm waiting for Hillary to weigh in. She was a really successful futures trader back in the day.
Posted by guest , Mar 03, 2009 1:05PM
Obama will be releasing a new statement soon. 95% of americans will not have any tax increases. The remaining 5% will be taxed at a 75% rate since it's time for them to take on some of the burden and spread some of that wealth.
This will need to a large market upswing.
Posted by guest , Mar 03, 2009 1:07PM
WOW I didnt think Obama even thought about the future given his tax increases and HUGE DEBT PROPOSAL. Forget the fact that AIG and GM will never be able to pay off the loans in the future either. Now Obama is giving us investment advise? Should we make those trades through the ACORN NATIONAL BANK? I would rather take the new Billion $$$ Vegas train from Disneyland and try to win back my money at the tables.
Obama is a schmuck.
Posted by guest , Mar 03, 2009 1:07PM
How much does Sue Herera weigh?
Posted by guest , Mar 03, 2009 1:08PM
@14, +1 for Coming to America reference
Posted by guest , Mar 03, 2009 1:08PM
Buy now, so we can all be President rich.
Posted by guest , Mar 03, 2009 1:08PM
@9. don't forget baby diapers and formula. gonna be more valuable than cigs.
Posted by guest , Mar 03, 2009 1:10PM
The dream of reparations has finally come true!
Posted by guest , Mar 03, 2009 1:10PM
@19, @20
Read more about it here:
http://www.freerepublic.com/focus/f-news/2198190/posts
and don't come back.
Posted by guest , Mar 03, 2009 1:13PM
Add chocolate to "cigs and ammo" list. Fatties in America will always need to stuff their face.
Posted by BlackSwan06 , Mar 03, 2009 1:13PM
@17 - and In General, you've just revealed yourself to be the type of Republican who guaranteed both the midterm thumping in 2006 and the results of the 2008 Election. Well done! Seems that spending your time under Rush Limbaugh's desk has not clouded your judgment one bit!
Posted by guest , Mar 03, 2009 1:16PM
The mesiah speaks and so it shall be.
Qs. Did Obama even take a finance class. No, pay to play payments don't count.
Posted by guest , Mar 03, 2009 1:16PM
@21 nothing worse than a fat condescending wildebeest
250#
Posted by guest , Mar 03, 2009 1:17PM
@27 and 9.
new world order currency traders. what is the exchange rate from cigs to ammo to chocolate to baby formula.
can a trading desk be set up on those?
Posted by guest , Mar 03, 2009 1:18PM
So basically Obama wants everyone to be broke. Folks if you were smart enough to hold onto your money and not lose it in the greed infested market and were worried you might lose it in a Citibank saving account? Relax the bell tolls for thee. Obama is going to make you pay for the assholes who bought homes they couldnt afford anyway. He is going to tax you for it. Now we are all EQUALLY poor. When will we change the flag?
Obama shouldnt make too many upgrades to the White House he will only be there 4 years.
Posted by guest , Mar 03, 2009 1:22PM
28, those events were the result of some misguided folks who actually thought that all the claims of fiscal responsibility, enacting paygo, uprooting the 'culture of corruption', killing pork etc etc were true.
Guess what? ALL lies. And it is starting to sink in. In one stroke the reamining strength of the market - utilities, pharma and healthcare were wiped out by the messiah last week.
Did you happen to read Brook's column in the NYT? See how Cramer went on and on about messiah proofing portfolios? These are just some of the more visible examples and these people spent the last year worshipping the messiah.
Why do you think is there so much fear of holding open elections for the vacant (well almost) IL senate seat? Got b*lls? Why are you so scared that you mite lose the messiah's seat if all was so hunky dory?
Posted by guest , Mar 03, 2009 1:22PM
#16 said, "Ahhhh, progressives. Teach the morons in the rest of the country who to vote for while producing such gems from your own district."
At least us morons know it's "whom" and not "who." Where'd you learn your English grammar? Oh, I see - nowhere...
Posted by guest , Mar 03, 2009 1:23PM
general public response:
O:“buying stocks...
GP:(with all the extra cash most are saving for the firings
)
O:is a...
O:potentially...
GP(ambiguity strikes)
O:good deal
GP:(relative to...?)
O:if you’ve got a long term perspective.”
GP:(because you couldn't possible have a short term perspective)
Posted by guest , Mar 03, 2009 1:23PM
Is this guy full of shite or what??
Posted by guest , Mar 03, 2009 1:24PM
UPDATE: Obama to launch $500B facility to set up margin accounts for low income individuals so that they can take advantage of an unprecedented buying opportunity.
Posted by guest , Mar 03, 2009 1:25PM
Is this guy full of shite or what??
Posted by guest , Mar 03, 2009 1:27PM
You people busting on Obama crack me up. The guy is in power for 6 weeks and you've already heaped the Bush Depression on him. You must be the same 20% of the country who sucked on Bush's Teat right up until the end. The Republicans destroyed America and their own brand with it. They won't see power again for 25 years!
You know what? You clowns don't to deserve any money. You had money and the power that went with it and what did you do? Destroyed America with your unbridled Greed. I hope you pay 95% tax rates forever. Learn to eat beans, rice and pasta Losers!
Posted by guest , Mar 03, 2009 1:27PM
@14 = winner!
Posted by thelittlecaT , Mar 03, 2009 1:34PM
@blackswan....it wasn't ep's headline playa. you don't have to hate on ep (unless that makes you feel good). headline is right off of bloomberg. i appreciate your point, but point the gun at the right target if you don't like the spin.
Posted by guest , Mar 03, 2009 1:34PM
@39 stop pointing back at bush, it's over, he's out of office. your savior got voted in. re-read the late 1990's articles about the democratic party and their 'every american deserves a home' pressure on banks/fannie/freddie. the markets are marking to team obama's 'let's spend our way out of this' solution.
Posted by guest , Mar 03, 2009 1:34PM
Obama's next statements to come.
"Wearing sunscreen prevents skin cancer"
"A fire provides heat"
"Gasbag loves gabbagool"
Posted by guest , Mar 03, 2009 1:38PM
Rush Limbaugh is @ 17! How's it going Rush? I liked that speech in the original German, however.
Posted by guest , Mar 03, 2009 1:39PM
OBAMA =One Big Ass Mistake America
Posted by guest , Mar 03, 2009 1:41PM
Uh, excuse me everyone. Yes 39 your shipment of Mao's Little Red Books has arrived, where shall I deliver?
Posted by guest , Mar 03, 2009 1:42PM
we are all f#cked.......
Posted by guest , Mar 03, 2009 1:42PM
Henry Morgenthau, Roosevelt's Treasury Secretary:
"...We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong...somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises.....I say after eight years of this Administration we have just as much unemployment as when we started.....And an enormous debt to boot..."
Posted by guest , Mar 03, 2009 1:44PM
@26 what do you like most about Robin Obamahood? His solid blue neckties? His closing Gitmo? his "I haven't paid taxes properly" cabinet? His DHS chief who refuses to acknowledge we are at war agianst terrorists? Or is ist his amazing blazing stimulus plan thats omehow includes a train from Disneyland to vegas among other such stimulating investments.
The only change I see is the change comming out of my pocket to pay for trains and bullshit. Not sure how old you are but you most likely will live to regret Obama's 4 years.
Posted by guest , Mar 03, 2009 1:45PM
@6 funny, because i like my financial advise to be silicone-reinforced
Posted by guest , Mar 03, 2009 1:48PM
So the comment consensus is that the President of the United States should have said, "Don't buy equities. The market sucks and will never rally, even in the long term."
Am I summarizing the comments section correctly?
Posted by guest , Mar 03, 2009 1:48PM
@17 is RIGHT. The LIBERALS are runeing ths kountry!!! Amerika is DOOMED because of LIBERALS. Good Amerkins are WHITE like Colin Powell and A-Rod and that sanger Lenny Kravitz. I tole my kids Dakota, Cheyenne, Yukon and Denali that the FUTURE of the KOUNTRY is WHITE AMERICANS and thank GOD for Tony Romo too! @17 is jist like ME!!!
~Karl Lugummer
Shack, Idaho
Posted by guest , Mar 03, 2009 1:49PM
@ 27 Add Alcohol and Mary Jane to the list of haves........
The Messiah spoke, "America voted for "Change" and Spare Change is what you all will have."
@ 29 - You are correct, Obama did not take finance classes, but he did take Ebonics.
Posted by guest , Mar 03, 2009 1:52PM
51 - the president should have no comment (or advice) on the equity markets.
Posted by guest , Mar 03, 2009 1:53PM
Listening to neo-con crybabies!! LOL!!
Posted by guest , Mar 03, 2009 1:56PM
@42, No sorry dude....Bush has only been gone for 6 weeks and he left this country totally screwed and I won't let you forget it. I don't care if you are conservative or liberal or in between, if you think Bush did a good job with this country you are a class A Moron!
@46 You would do well to see who nationalized the banks in this country. Bush, Paulson, and Bernarke! They read from the Communist playbook!
Posted by guest , Mar 03, 2009 1:56PM
There is some similarity b/t this and Bush's call to spend, spend, spend.
Except W created money and asked you to go spend a few bucks at Wal-mart and starbucks.
O is all rhetoric, telling everyone to double down on the market.
I'm missing the rationale: Have the wealthy reinvest into the market, pump the bubble back up and wait for the wealth effect to kick in? Did the underpants gnomes get a cabinet seat?
He should put his mouth where our money is and lower the cap gains taxes.
Posted by guest , Mar 03, 2009 2:02PM
I am buying a still. Alcohol will always have value. That and a bunch of pot seeds.
Posted by guest , Mar 03, 2009 2:03PM
@ 56, so you are blaming this economic crisis solely on bush? is that your argument? i bet you thought the iraq war was 'expensive.' Obama's plan could pay for 100+ Iraq wars...yes, let's spend our way out of this instead of letting over-inflated asset prices come back down to reasonable levels...you sir are a dope
Posted by guest , Mar 03, 2009 2:04PM
I am an Obama cabinet member, what are tax brackets?
Posted by guest , Mar 03, 2009 2:08PM
@59...STFU and get back to your bike deliveries.
Posted by guest , Mar 03, 2009 2:13PM
I'm starting to head rumors about Bear Stearns' liquidity. Anyone else hearing this?
Oh wait... sorry, wrong year!
Posted by guest , Mar 03, 2009 2:15PM
HOPE is the quintessential human delusion, simultaneously your greatest strength and your greatest weakness... goodbye america
Posted by guest , Mar 03, 2009 2:16PM
@56... Yes! Its imperative we come down hard on those making $250k. In lieu of throat fucking them to death, I propose we just cast them as a wealth hoarding, greedy minority suppressing the potential of the meth smoking beer bellied majority.
Posted by guest , Mar 03, 2009 2:16PM
It's all good.
Posted by guest , Mar 03, 2009 2:16PM
@56 You Rock!!!!
Posted by BlackSwan06 , Mar 03, 2009 2:19PM
@41 - The headline says on Bloomberg says "Now MAY BE". EP's post reads that Obama said, "now IS the time". There's a difference. Bloomberg was at least making an attempt to be accurate... EP? Not so much.
@33 - You're dead wrong about the midterm flip. At that time, the issues most Americans were voting on were more driven by frustration about the course of ongoing activities in Iraq and spending gone crazy, mismanagement of Katrina/post-Katrina effort of the fraud/waste/abuse, and general wariness of the Rove-Rummy-Cheney triumvirate. Rumsfeld knew his days were numbered and his letter of resignation was on Pres Bush's desk the day after the election.
Pork is bipartisan. And if you think that PhRMA is going to stay silent while this budget moves through, think again. That is one of THE MOST POWERFUL lobbies in DC, and I would bet that they're already taking key members out to drinks and din-din to make sure that the current budget in its incarnation will not move through.
And by the way, I'm all for special elections for vacant seats. So save your got balls bullshit until you know what the argument is about.
Posted by guest , Mar 03, 2009 2:20PM
at 56.. why make the same mistakes.. if anything obama is saying that bush took the right actions, just did it on too small a scale
these policies are retarted and they are setting us back a decade
Posted by guest , Mar 03, 2009 2:28PM
The Harvard Monkey and Gordon Brown............Perfect together
Posted by merkin capital partners , Mar 03, 2009 2:31PM
Did he really say "What you're now seeing is ... profit and earning ratios are starting to get to the point..."
I gleefully hope in my heart that he thinks P/E is profit/earnings.
Posted by guest , Mar 03, 2009 2:32PM
@10, aka Doosh, said:
"Obama said:
“buying stocks is a potentially good deal if you’ve got a long term perspective.”
That's not calling the bottom. That's something retail brokers have to say many times during the day.
Looks like the headline writer doesn't care to read the article. Or is a NY Post alum."
Uh, no.
Obama actually said: “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.”
Note the word "now."
Posted by guest , Mar 03, 2009 2:36PM
@71 I believe believe it’s “douche” you were looking for. Douche bag.
Posted by guest , Mar 03, 2009 2:36PM
"Obama reassured Americans that now is the time to buy stocks for the long-term."
How convenient and predictable. Scare the hell out of the market with rhetoric, policy and spending. Position your trades then talk the market back up.
Maybe Goldman has this guy in their back pocket. Some evil just won't die.
W.T.F! is the president doing making references to stock valuations? Based on what? His own growth in revenue projections? How does he feel about spread to worst on high yield? (As if he has a @%$#^ing clue). I call bullshit and blatant manipulation.
Posted by guest , Mar 03, 2009 2:44PM
@39: minimum wage earner?
Posted by guest , Mar 03, 2009 2:48PM
All the neo-con traders are agreeing with Obama and buying the S&P at present. Funny how neo-cons will sell out if it makes them money. Are you going to have to call Rush and apologize too???
Posted by guest , Mar 03, 2009 2:48PM
@37 - very nice!
Posted by guest , Mar 03, 2009 2:49PM
@49, we're not at war against terrorists. To say so is to misunderstand the concept of "war". There are criminal organizations that conduct terrorist attacks, and this is the proper way of framing the issue.
Posted by guest , Mar 03, 2009 2:52PM
Obama stating the markets are akin political tracking polls illustrates his uneducated understanding of finance. Dow 5k by May.
Posted by guest , Mar 03, 2009 3:00PM
@56, read this http://online.wsj.com/article/SB123604419092515347.html
you have never made and will never make 250k+, so this is a win win for you. you dope.
Posted by guest , Mar 03, 2009 3:01PM
WTF? DOW up 75 at 3:00 PM?
Posted by guest , Mar 03, 2009 3:12PM
@77 to not recognize thtat these so called "organzations" are backed by actual governments Hamas, Iran etc...is to show that perhaps you too have been living in a cave. Its a war motherfucker, you may choose to call it misunderstanding with guns and bombs, I call it a fucking war. You tell me one misunderstanding where the United States was atacked in NYC? Wake up and take Obamas dick out of your ass.
Posted by guest , Mar 03, 2009 3:19PM
82, I object. The last word in your post should have been 'mouth'.
Posted by guest , Mar 03, 2009 3:22PM
56 I agree with you on Bush, Paulson and Bernanke. You would do well to read 68's comments. Obama is just magnifying the wrong headed spending those guys started in the first place. We will not spend our way out of this mess. I had sincere hopes that Obama could see through that BS, but so far he is proving me wrong.
Posted by guest , Mar 03, 2009 3:26PM
didn't see this coming...
www.dealbreaker.com
Your organization's Internet use policy restricts access to this web page at this time.
Reason:
The category "Racism and Hate" is filtered.
Posted by guest , Mar 03, 2009 4:01PM
84 you are a loser
83 - "I had sincere hopes that Obama could see through that BS, but so far he is proving me wrong." -- agreed, obama hasnt change course at all..bush laid the foundation for these absurd policies and barack compounding the problem..
Posted by guest , Mar 03, 2009 4:07PM
@21 "You can't forget, it's a sumo culture, Ted. They pay by the pound over there. Sorta like, um, tuna."
Posted by guest , Mar 03, 2009 4:33PM
somewhere michael covel is crying
Posted by guest , Mar 03, 2009 4:45PM
when can we post here from our bberrys?
Posted by guest , Mar 03, 2009 5:04PM
what did 81 do? was he the knuckledragger using monkey references?
Posted by guest , Mar 03, 2009 5:06PM
@69 needs to get deleted too. "harvard monkey" is straight racist, yo.
Posted by guest , Mar 03, 2009 5:22PM
Oh I'm thinking long term. About three years and eleven months!!
Posted by guest , Mar 03, 2009 6:03PM
At what level should the Dow be now?
These guys need some help coming up with the answer, so go ahead and give them a hand:
http://www.freerepublic.com/focus/f-news/2198471/posts
Posted by guest , Mar 03, 2009 6:25PM
Obama is nothing but another Bro without a clue.
Yo is this rascist? We are becoming a country of panty waste sissies.
Posted by guest , Mar 03, 2009 9:12PM
@66: You're an idiot!!!!
Posted by guest , Mar 03, 2009 9:33PM
in all seriousness though, all politics aside.. i think sarah palin said it best when describing the similarities between the stock market and popularity...
"The stock market is sort of like a tracking poll in politics. It bobs up and down day-to-day."
HAHAH.. oh wait
Posted by guest , Mar 03, 2009 10:01PM
riddle me this. i can't use Obama and Monkey in the same sentence??
Posted by guest , Mar 03, 2009 10:49PM
@61, stop with the 'aggressive acronyms' you fucking poonface!
Posted by guest , Mar 04, 2009 9:59PM
Anyone buying FMX stock and or having anything to do with Freeport McMoran Copper & Gold should count themselves as baby killers, child molesters and rapists.
Do we need to buy the stock of a company that bribes and funds militaries that kill, molest children and rape helpless woman? Do we need to buy the stock of a company who dumps toxic pollutants all over the world and only partially cleans things up when they are forced to? Should we buy the stock of a company that layoff's thousands while the CEO continues to earn $70M++++ a year, three times as much as any other CEO?
It is time that we send companies like Freeport McMoran Copper and Gold, Phelps Dodge corporation a loud and clear message. If you are going to profit off of other peoples suffering, you better find your operating money from the devil, because we are not going to faces God's wrath from supporting your atrocities.
Posted by guest , Mar 05, 2009 8:05PM
I have my mayonaise jar ready to go in the backyard how bout you all? Long term? I'm hunkering down and paying off, going cash and carry only. I suggest you all do the same.
Posted by guest , Mar 07, 2009 3:20PM
get ready for the blacklash,oh I am sorry I meant backlash.
Posted by equityhasprivates , Mar 25, 2009 7:57PM
it is really warm down there