World Newser Question Of The Day: Obama & Stocks

He’s probably as qualified as some “professional” financial advisers.

Of course. It is a great time to buy. Anyone who does not believe that the market will come back is naive and no student of economic history.

Just like in his homeowner’s rescue plan – it is an incomplete picture/thought -Long perspective? for whom? someone in his 40′s ? I guess if you are past 60 and had money in the stock market good luck winning the lottery – you won’t get much from Obama-

This sounds too much like desperation.
Let the individual or at the worse case the stock brokers maks suggestions and decisions. When the President and/or government in general starts telling us to “buy”, “sell” or “hold” we have hit socialism.

No. All he wants is to be able to tax any possible capital gains or dividends down the road. He lied about earmarks; who is going to believe him about buying stocks?

Of course not! Anybody with any sense right now is RUNNING from the US markets! The bottom line is this: we’ve spent ourselves into the rock bottom, and we’re trying to borrow money to spend more. This insane policy of Obama’s–trying to borrow our way back into prosperity–will lead us to hyperinflation and an exploding deficit. I’m buying gold.

No. If President Obama were the city dog catcher I would get a cat.

You’ve got to be kidding!! Its going to crash….I TOLD YOU SO!!

Hell NO. We have money sitting on the side like everyone else. Once you are retired and living off the money you worked hard all your life to save, you CANNOT watch it “evaporate” by the thousands every week. We will sit tight until an end is in sight, then walk in slowly, very slowly. He doesn’t have a crystal ball, just like our financial planner who says INVEST.

I’m a stock and currency trader – I do it for a living. The charts say Obama doesn’t know what he’s talking about – all indicators are straight down. As long as he insists on taxing big corporations, you won’t see a lot of stocks going up very soon. Big business knows his tax and spending plans are wrong for the economy and he could be heading us right into depression.

The One is simply pimping His Plan. The standard best advice for investors remains the same: assess your risk tolerance, diversify across asset classes, adjust asset allocation regularly, and choose investments within each class which minimize fees and costs so more of your money works for you.

No-so far I have not put much stock in anything he has said,so why would I now?
The Obama administration makes new rules daily and the public cannot keep up with all the changes causing more confusion and fear.

We are paying for the edducation of a greenhorn President.
J Dejewski

People are loosing their retirement and he has the power to stop this by stopping the selling of stock until the economy picks up. Shame on him for letting this happen.This is happening on his watch…..

have heard so many different things since he became president, than his promises during election. I wouldnt believe anything he says anymore.

We all know if you have 5 to 10 years or more to keep your money in the stock market it is a good investment, but the problem is the baby-boomer generation does not have that much time to wait. We are in a difficult situation after loosing more than half of our 401K and IRA accounts.

Obama is saying nothing new, financial people have been saying for months “buy now”. The stock market adage is “buy low, sell high”. So what’s new? Is Obama a parrot?
Since his election as President the stock market has dropped…perhaps he is not the second coming. Spending oops Stimulus Plan, Wall Street down, every day Wall Street down. However no one is going to say anything against him…yet.
What about the “pork spending” the Senate voted along party lines to NOT eliminate the pork in the spending bill. Hmmmm, Nancy is having a spending orgasm…after all “we won” unfortunately for the average American, “we pay”.

I think he’s a smart man, and as qualified as anyone else to offer advice. If I had the money to invest I certainly would. If you look at the the long term as he is suggesting, some of these stocks are so cheap now that the return on the investment could be very substantial. But of course as always there is the risk of big losses also.

You have to be kidding!! He is driving us deeper in debt by the minute. Its obvious he and his administration are way in over their heads. Buy stocks so the government can take it all away from you-yeah right.

Absolutely not. If the President was the CEO of a major corp. he would be fired. I have zero confidence in his economic programs. Throwing money at failing businesses is NOT a solution at least in my eyes.

NOOOOOOOOO…now he is a financial adviser….I don’t have 10 years…..I have lost 18% since he has been Pres…about time turbo tax opened up about credit……..3 weeks later

Sure. I’m MORE likely to buy and I will buy more stocks! He is a smart man, smart President!

After this guy has lied so much befor election and after. Why would anyone listen?

Are you kidding!! Everytime he opens his mouth the market goes down!!

TAX THE RICH…Doesn’t Obama see it? If your going to tax the rich, why are the rich going to invest? The stock market is tanking because of Obama’s plans to tax the rich. ABC, please report this. A 75% approval rating is the 75% people who want to tax the rich. Obama’s tax the rich strategy never makes it as a news story, but the stock market decline says it all …agree?

Vince Oy: “No. All he wants is to be able to tax any possible capital gains or dividends down the road. He lied about earmarks; who is going to believe him about buying stocks?” — One has to realize that if there is money to be taxed, there was money earned – I don’t like wasted tax money (which will always happen), but if I have to pay 15-20% capital gains tax, that means I keep 80-85% of profits and I DON’T have to pay social security or Medicare tax on it. In the meantime, I’ve been losing much and gaining some in the stock market – as someone else said “don’t buy Citigroup or AIG”, but Autozone (parts store) just hit a 52 week high today because people are fixing cars instead of buying new ones.

As the President admits, he pays no attention, nor does he give any weight to what the markets are doing when making his decisions on the economy. It was only when he figured out what was going on in the Foreign Markets, cause & effect, that he decided to use his clout, (a 70% approval rating) to see if he could encourage investors to spend some money in the Stock Market. On Monday 3/2/09 he sends out members of his Economic Team CEO & CFO of General Electric for them to announce that the two of them were going to buy 790,000 shares of GE stock. Now understand, the Presidents approval rating would have jumped to 1000% had this worked out, it didn’t, 4 hours and 12 minutes later the closing bell rang the two GE Exec’s lost $718,900.00. They bought at $8.51 and the market closed at $7.60. Today March 3, 2009 GE Stock was down another $.61 per share. So today, the President is trying to convince the nation that it’s a good time to invest in the markets. Of course he is, because he knows that all those who make $250,000 or more are now pulling their money out of the Stock Market, not because of the market, it’s because of his plans to tax what he calls the rich. Don’t take my word for it, Fox Business News & Bloomberg’s interviewed a few of the floor traders at the stock exchange, they said most if not all their long term investors have ordered sells with no orders to buy.

I’ll do what I can because it’s worth it! If we work together we can survive this. It just takes us all moving in the same direction. I’ll invest. It seem patriotic doesn’t it?

This manipulation of ideas goes right along with his socialist approach to everything. Government take-over of our environment (caps on carbons – which will hurt the auto and coal industries), health care (which will take away our individual rights to decide our own health providers and limit our access to doctors, medicines, etc.). There is no end to the programs to make us more dependent on government and less able to have free choice. Read the constitution!!

I think the market is at or near the bottom right now. Anyone who’s purchased stock in the last 4-5 months will make money when the economy comes back, whether or not this is the absolute bottom. Even if the markets go down a bit more, buying now is still buying stocks at lows not seen in over a decade.
Obama has made a statement that I have heard frequently lately- in terms of home prices as well as stock prices. It’s now a buyer’s market out there! Fortunes are made by acquisitions made during economic downturns.

YES I’m buying stocks, because I think the President will be foiled in his ambitions to cripple our multinationals with new taxes, drive up the cost of labor via card-check, nationalize vast swaths of the economy, burden small business with new taxes, stymie everyone with a new carbon tax scheme, and water down the incentives for self-improvement, growth and prosperity. Clinton learned that this country will not be led to where it just isn’t going to go (1993 attempted takeover of health care.) Obama will learn the same lesson. Democrats will not want to be tarred with blame for the Obama Crash or the Obama Depression.

No. Anyone insane enough to take this president’s advice, a man who’s never run a business, worked in the financial industry and has no idea how an economy works, is just daft.
The market will likely have a dead cat bounce soon due to all the Stimulus and bailouts, then capitulation will set in and the market will go below 5000.

obama has no idea about financials. every time he opens his mouth the dow drops 1-2% because he scares the hell out of evryone!

No way. Obviously, Obama is ready and willing to gamble, high stakes, with our money. I can see this in the legislation he’s been able to push through, which serves political goals far beyond any stimulus benefit. I feel manipulated by his politics and I don’t trust him anymore.

Yes, he is telling us the same thing your local Edward Jones office has been telling us. Buy good quality stocks, right now, they are at a blue light special, give it time….even for us over 60. The market will come back,
historically it always does, it’s just going to take time. I am sure President
Obama has excellent advisors and consultants.
My own 401k is down 40%, and whatever
thoughts I had of retiring, now are put
on hold….til …I don’t know when, I
am just thankful I have a job. I have been and will continue to buy stock, maybe a little at a time…but I will buy.

if the president wants us to invest in stocks why doesnt he tell us what stocks he invests in? Maybe if we know he is and what we might be more inclined to invest ourselves

Bartender, I’ll have what the President is having.
As far as I can tell, the stock market is about investment in privately-held companies, so any advice from someone so willing to push the federal government into ownership of companies tells me they might not know anything at all about what they are talking about.

the bigger question is will Charlie Gibson report the results of this survey during his newscast…or continue to show favoritism/bias toward a president that continues to make one big mistake after another!

It’s amazing to me that some of these companies have no debt and their cash and investment assets exceed their market value. There definitely are opportunities out there. GE is about at it’s bottom. They are not going out of business. BAC is not going to be nationalized or go out of business. They were profitable in 2008. Countrywide is doing great on refi business. It’s a no brainer to buy these blue chips.

Not really.
i would need an income to make a purchase, since i have been unemployed for the last 22 months it iis hard to pay for groceries let alone stocks.

LOL, Darryl… what a great answer! LOL!

Didn’t he not long ago state that he knew nothing about economics? He is just trying to get people to put money into a falling market,and get their minds off the real fact that they are spending our tax money like crazy to shore up bad banks.

This is a great time to invest in the stock market. It is simple common sense and he knows it very well.
I have been telling my co-workers that for some time now. Not every stock should be bought but the question people should ask themselves is; what’s the future in technology and medicine?
Green technology as well as computer technology is in its infancy. Ten years from now people will be kicking themselves for now buying certain stocks while they are cheap.

No, as a small business owner there is not a thing in the stimulus plan that would help my employees or business. Why would any one invest in my business or some other business. Taxes need to be cut. Corporate taxes are passsed on to the consumer. Capital gains tax limits the amount of money that is availabe from those who have it to invest. The $800.00 per family gives a person @$19.00/week before taxes. After taxes, Federal,State,Social Security & Medicare. Should net @$12.00 more in a paycheck. Hardly enough that would make someone want to go out and buy a new car.

Not a chance! Obama has not a clue. PE is Price to Earnings ratio not Profit Earnings ratio… Finance 101 Obama. But what I am most troubled about is this love affair the media has with Obama. It is maddening to watch them suck up.

I agree with mehere. I will stick with gold. You people are crazy, w/ the exception of mehere. Obama has ruined the economy in just one month.

Talk is cheap.
Policies are dear.
The stock market is reacting to the perceived costs of the Obama plans down the road in terms of driving out private capital.
The market won’t head north until it sees tangible evidence that some policy is positively impacting the economy.

Sure. Doesn’t everyone follow investing advice from a group of politico-tax cheats?

I don’t take advice on money matters from Democrats, of course he follows their line–SPEND!! I have lost most of my meager retirement so why would I invest more in this market. He’s just going to tax me out of the rest. No thank you. I am not rich. He seems to think he can tax those who work six days a week to get ahead. We have lost the American dream.

I read some of the replys and I just thought we have invested in the stock market and so have our grandchildren and great-grandchildren. We own Citi and AIG. I believe we may own more soon. I do some research before I buy stocks. I would not have bought either of these. I do own BAC,GE,MO and volvo. All are down,down. I would like to pick my own stocks, not the Government.

No. It’s just newspeak not information based on any facts. Unfortunately, I’m afraid his whole presidency is newspeak. George Orwell was correct.

This is probably the worst advice to give to anybody at this time. For one thing nobody has any idea which company will survive this economy and if they did will the company ever survive all these future taxation. If you did invest now more than likely the stock price will go down because this market still have not reached its bottom. Once it does hit bottom who knows how long it will take to break even it could be 20 or 30 years or never if the company goes into bankruptcy. Obama has no experience running any business or for that matter how to make a profit, how can anyone take advice from him I have no clue! It would be like listening to the Realtor who tried to sell you a house at the very peak of the housing boom!

NO! Why should we trust him when he sold us out on this huge so-called stimulus bill. He has only shown that he does not know anything about our economy. He is working too hard to make us socialized when he should be working to keep it a capitalist country that gives us opportunities. That is the only way our country should be run in order for us to be totally free. I feel for the first time that our country is becoming communistic with Pelosi, Harry Reid, and Pres. Obama as dictators. How did we get in this mess and how do we get out? God help us.

He is taxing the Working Class People to Death and giving handouts to all the illegals and people that don’t want to work. He should be impeached. Obama is the true definition of the (ANTICHRIST).

Obama’s approval has dropped …someone said 70%….try 56%…
People are slowly starting to get it…
Obama’s a fool, sure enough…..but most of the damage he’s doing…could’nt be done without congress’s help…..
We have plenty of money grabbing going on in congress….they are making hay while the sun shines…[taking advantage of Obama's popularity....]
But its starting to go south….many who voted for him are turning on him….
Just don’t forget he had lots of help…when you go to the polls….
This needs to be the last terms for Pelosi and co.
I would suggest impeachment, but then we’d get Biden….and if we impeach Biden….we’d get [oh horrors] Pelosi…as she would be next in line….

Politicians are all alike when it comes to being desparate. If I won’t trust any stock fund managers or bankers, why would I trust Obama or Bush who almost was going to toss Social Security to Wall St. at one time? Desparate folks always recommend other people to spend money to rescue them. I’m thinking that buying these foreclosed properties may be a better way to go especially you’re going to live on the property – but the problem is it’s hard to get a mortgage loan now, unless you have a lot of cash. So everybody is needing our scarce cash.
I don’t trust anybody but myself – in fact, I’m learning to trust myself more and more.
God bless America. WE have been able to make something out of nothing, and we can do it all over again. I don’t trust the politicians but we’ll have to live with them too.

I don’t know… buy stocks now?? You’d have to believe that this really was a mental recession in order to do that, and Obama told us repeatedly during his campaign that this was NOT a mental recession. So, Obama, which is it? Were you lying then, or are you lying now? Or are you just plain TOO STUPID to know???

Invest in the stock market–”With what????”

Obama defintely is not the individual I would listen to about buying stocks. I have over the years purchased stock, doing my own research, now I am going to wait it out for awhile. Obama has done nothing but lie to the people, he is a scary person with much more control coming from the government, everyone should be concerned what is happening in Washington.

Obama’s typical style seems to be inappropriateness now that he’s out of his comfort zone of empty campaign speeches. This was just him begging the ‘rich’ people to start buying stocks again so he can take any money they make away from them with his new capital gains tax. People aren’t stupid. They’re hanging onto their money, literally, for dear life.

The stock market, for the long term (5+ years) is a great place to have your longterm funds. It’s the toxic banks that I have fear of….

The President’s encourangement is a great ideal because pontential investors stand to gain a significate amount of money since the market is down. The problem is most people do not have the money or the time, to wait for the market to rebound. If you can find a better investment ideal – take it.
If you can’t, buy stocks and wait it out.

THE PRESIDENT SHOULDN’T SIGN ANY BILL WITH EAR MARKS. NO, THE PRESIDENT ISN’T QUALIFIED TO ADVISE ON BUYING STOCKS. IT APPEARS THAT WE ARE AT THE END OF A RECESION AND THE BEGINNING OF A DEPRESSION!

Obama has lied to the American people. I was supporting him in his efforts but I will not from now on. He needs to VETO budget bill and all its pork.
I see now that most of his stimulis plan is set up for special interests. This is not the change he promised or I was looking for.
Add this to all the Tax Cheats in the party the pork makes democrats look like the party of criminals and scammers. Where are the honest leaders?

amazing how a man in office a short time is continually blamed on our Bush admin, crisis at hand.
But, on the buy stocks? He remonds me that in order for th e US econpmy to improve, the US people need to invest in itself, The people need to hold accountable the orginazations that have caused this stumble ie: the banks and then and only then will the economy flourish. You want back your money? build it up. You put it in things that could deflate, that was the risk. You knew that before you did it.