Quote:
Originally Posted by RIJIMMY
not everyone is sharing the optomism...
The dawn of the Obama presidency could not shake Wall Street from its dejection over the banking industry's growing problems. After hearing the new president's inaugural address Tuesday, investors went back to unloading stocks, sending the major indexes down more than 3 percent and the Dow Jones industrials down more than 300 points. Traders on the floor of the New York Stock Exchange paused at times to watch the inauguration ceremony and Obama's remarks, but the transition of power didn't erase investors' intensifying concerns about the struggling economy.
|
Statements like yours just give you less credibility.
Stocks were down based on concern about banks/earnings. In fact, the last part of the sentence seemed to indicate that investors were in fact optomistic but were concerned about the struggling economy Obama is stuck with.
Threaded Mode