 While I have often been impressed with both President Obama’s speeches and candor I honestly was not a big fan of the President’s speech to Wall Street this last week. His comments, in my interpretation, amount to nothing short of bad news for all long term investors.
Obama, in his speech, said:
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How good are Presidents at predicting the future of the market? Often times they are down right terrible, the spin in speeches is often more prevalent than the truth. With President Obama’s comments about sunshine being the best disinfectant I thought it would be interested to see how his comments match up to reality.
The following collection represents many of the quotes Obama has made related to the US economy. Green arrows mark those days in the market where President Obama has made a positive comment about the future of the United States, red deltas indicate a day where President Obama has made a negative comment on the future of the economy. Click on the red and green arrows to read the exact quote.
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I was flipping through some books in the book store over Christmas I saw something similar to this in the Investor’s Almanac. So I borrowed the idea for this post (thanks Investor’s Almanac).
With President Elect Obama’s swearing in ceremony coming up in about 25 days it is somewhat interesting to have a look at what the first year in office typically looks like for new U.S. presidents.
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