Wednesday, March 4, 2009

Obama says "BUY" Stocks

Obama says "profit and earning ratios" signal buying opportunity


He even seemed to make an unusual foray into investment advice. “What you’re now seeing is profit and earning ratios [sic] are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it,” he said.

Profit and earning ratios? Profit and earning ratios? Would that be community-organizer-speak for price-earnings ratios, Barry?

Here's a hot tip: Less time on the basketball court and community organizing, and more time in Economics/Finance 101.

The guy who has no clue about finance/economics and markets is now supposed to fix ours? God help us all.

HT:, sven10077 on March 4, 2009 at 1:24 PM

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