Quote:
Originally Posted by JohnnyD
Anyone in the market that makes their investment decisions based on a 10 minute speech by the President is an idiot. It doesn't matter if he came out saying that the sky is falling or that they have a proven method to fix every issue.
|
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.
Threaded Mode