PrintMarch 4, 2009
President Stock Touter
In addition to his many known talents and abilities, President Barack Hussein Obama (D) is a stock market guru of unsurpassed prophecy.
U.S. President Barack Obama expressed confidence on Tuesday that his economic reforms would work and said U.S. stocks were potentially a good buy even as he forecast a long road to economic recovery.
(snip)
"I think what we're seeing is as people absorb the depths of the problem that existed in the banking system as well as the international ramifications of it, that there's going to be a natural reaction," he said of recent stock market falls.
"On the other hand, 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 longterm perspective on it."
OMGODObama! He spoke and U.S. stocks mostly inched higher after Obama's comments.
Wow!
Er, one problem. Obamagod has clay feet--it is not "profit and earning ratios;" p/e ratios is shorthand for price (to) earning ratios. I guess profit is a dirty word in the Harvard Law School, community organizer circuit and as for price, well, who cares? Spend, spend, spend tax $$$$.
Whoops! There goes the market for the Obama longterm perspective.
