YeS, the market tanked on inauguration day, but most of that was recovered today.
Obama will get the credit or blame for what happens next, but the foundation for the next market move has already been set.
The Fed has cut rates. The government is spending at least a trillion in stimulus. Energy prices are way down.
I think it is just a matter of time.
Wednesday, January 21, 2009
The Obama Bull Market
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