BrainKing - Foros de discusión (Politics)

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Politics

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10. Marzo 2009, 19:26:58

Papa Zoom

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Asunto: Re: Dow Jones Stock average is down 32% since Obama got elected.... does it mean anything about his ideas and policies and that of the democrats who control the country?

Czuch: Yes. It means that wall street isn't confident in his plan. That's a huge drop. He should have taken Regan's approach to the stock market fall of 87. Regan left it alone to do its own thing. It not only bounced back, but it flourished. Obama's plan should have at least softened the downward trend but it seems to have made it worse.

OTOH, it takes months for the stock market to correct itself. One analysis says there is tons of money just waiting for the stock market to show signs of a recovery and then it will soar to new heights. We'll see.