Quote:
Originally Posted by justplugit
I agree with your first statement but disagree on the second.
If you have a tried and true inspirational leader that people trusted
and spouted a sound plan to fix the economy the instituional buyers would see
it as an opportunity to buy, not sell. It's all about confidence.
Problem is our President doesn't have a plan, unless it's a secret one that
he plans to reveal at the just right time.  |
It's not like this crap economy is a surprise or just started. If he had a sound plan to fix the economy, we would already know everything about it and a reactionary speech to the tattered markets wouldn't reveal any new, ground-breaking information.
A completely different situation where I would agree that an inspirational leader is when there is an acute incident that a quick response is needed for. For instance, the Lehman Brother's and Enron bankruptcies or a terrorist attack.
Dealing with the stock market depends on utilizing data and an intelligent analysis of that data. A single BS expected speech by the President (regardless of who he is) does not provide any qualitative or quantitatively useful information.