Michelle Obama Looks Fab, Wall Street Not So Much
Email"First of all," asked President Obama at the Neighborhood Ball tonight, "How good lookin’ is my wife?"
She’s great looking. Wish I could say the same about the Dow, which had its worst day of 2009.
The Dow fell 4%, by 332.13 points, to finish under 8,000.
As the Wall Street Journal reminds us, Inauguration Days are historically bad for the Dow Jones Industrial Average.
"Since the date of the inaugural was moved up to Jan. 20 for the swearing-in of Franklin Delano Roosevelt for his second term in 1937, the date (or nearest trading day) of the swearing-in has been lackluster. The best day was Jan. 21, 1985, the day after the swearing-in of Ronald Reagan for a second term, when the Dow rose 2.77%.
"Otherwise, out of the last 10 January inaugural days following the end of the previous full presidential term, just two have ended with the Dow higher (1985 and 1997), and the rest lower, with the worst day being the -2.09% selloff endured on the day Mr. Reagan was sworn in for his first term. Other inaugural days have been poor, as well — Gerald Ford’s swearing-in on Aug. 9, 1974, saw the Dow fall nearly 1%, and the DJIA lost 2.89% on Nov. 22, 1963, when Lyndon B. Johnson replaced the assassinated John F. Kennedy."
Still. A reminder of the task before President Obama when the tux is at the cleaners.
- jpt
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A lot of bad news came out of the banking industry today unrelated to the Obama inauguration causing the Dow to decline sharply.
Investors already nervous about the state of U.S. banking were rattled by the Royal Bank of Scotland’s forecast that its losses for 2008 could top $41.3 billion, the biggest ever for a British corporation. In addition, Bank of America announced 4000 job layoffs.
Posted by: Paige | January 20, 2009, 9:26 pm 9:26 pm
Michelle Obama’s dress looked hideous. It looked like someone had taken a chenille bathrobe and fashioned it into evening wear. Well, I suppose chenille is appropriate as ‘evening wear’ – if you’re sleeping under it or wearing it while watching tv.
The gold outfit today also missed the mark. Yesterday’s tan and black number was lovely by contrast.
Posted by: s. valenti | January 20, 2009, 9:28 pm 9:28 pm
She didn’t look that good to much for day time and to plain for the night….Neither choice was that great.
Posted by: me | January 20, 2009, 9:32 pm 9:32 pm
Her outfit looked hideous. It looked like someone took a chenille bathrobe and fashioned it into evening wear. Well, I suppose it does qualify as evening wear – that is if you’re sleeping under it or wearing it while watching tv.
The gold outfit today also missed the mark while yesterday’s tan/black outfit was stunning.
Posted by: s. valenti | January 20, 2009, 9:32 pm 9:32 pm
No, her dress is not fab. Accurate comment I saw on another blog: looks like the chennille bedspead.
Posted by: MBS | January 20, 2009, 9:33 pm 9:33 pm
That dress is really, really ugly.
Posted by: Liz | January 20, 2009, 9:40 pm 9:40 pm
All of the previous comments, are just HATING on the fact that Michelle Obama is FIRST CLASS. Instead of spending time trying to find negativity in her, do something useful with your life and just be happy. Don’t hate, just congradulate.
Posted by: f.j | January 20, 2009, 9:48 pm 9:48 pm
Two wars, near depression, people forced out of thier homes, and some of you are worried about the new first lady’s dress. Basically, you suck!
Posted by: B. Bear | January 20, 2009, 10:01 pm 10:01 pm
Wow she has great arms. She looks beautiful in sleeveless dresses.
Posted by: d | January 20, 2009, 10:02 pm 10:02 pm
This is probably a boon for Obama. Wall Street’s woes only underscore the importance of confirming Geithner, so it cold force the GOP to release his Senate vote.
Posted by: matt | January 20, 2009, 10:11 pm 10:11 pm
I don’t like the way she dresses and I didn’t like the way Laura Bush dressed either.
Posted by: Ken | January 20, 2009, 10:15 pm 10:15 pm
When the Dow is up, it’s the Obama effect, when it’s down, then they rationalize it, sorta.
Posted by: EliB | January 20, 2009, 10:46 pm 10:46 pm
On the bank thing we are going down nothing will help the party is over and it is really going to hurt . On the Dress it is not what I thought she would wear the day outfit looked great but the best outfit was worn the yesterday Camel coat and skirt and black top
Posted by: Bishop | January 20, 2009, 10:59 pm 10:59 pm
“Fab”?
You’re cracking me up, Jake. Spent some time talking to the Vogue guy on the train the other day, huh? Can we get you to do some fashion commentary on GMA tomorrow?
Posted by: red | January 21, 2009, 1:01 am 1:01 am
I find it peculiar that the “market makers” spent their entire weekend spreading rumors about U.S. banks nationalising. Republicans will do anything, and I mean anything, to make it appear that democrats are not good for the economy/stock market. The bear is dead this year.
Posted by: Common Sense | January 21, 2009, 6:29 am 6:29 am
Fabulous?! If you think wearing a gown that looks like an old lace curtain and accentuates a thick mid an rear fabulous then I don’t want you for my fashion consultant.
Posted by: SAlly | January 21, 2009, 7:53 am 7:53 am
Beauty is in the eye of the beholder.
Respect for the First Lady of the United States of America should be a requirement.
Posted by: Omentum | January 21, 2009, 9:39 am 9:39 am
So what you are trying to avoid saying is Obama got The Worst Drop Ever.
In addition to the zillion points the Dow lost since he was selected not elected.
Posted by: BertieW | January 21, 2009, 9:56 am 9:56 am
I see some of us need to “CHANGE” our minds about what is fashionable!! Both outfits were beautiful just like the young lady who was wearing them.
Posted by: bag | January 21, 2009, 10:24 am 10:24 am
Beautiful, with color. Classy, yet powerful, just right for this daytime event…Just the right amount of “bling”. The gown was “flowy, young, beautiful to go along with her fab long, toned body. YES!
Posted by: sara wilson | January 21, 2009, 10:37 am 10:37 am
The Dow has been dropping now for 2 years.Maybe Wall Street knows it will be regulated for a change.
Posted by: sara wilson | January 21, 2009, 10:39 am 10:39 am
BertieW…President Obama was “ELECTED” by a 53 percent majority…unlike you know, the Bush guy. He was handed the election by his bought up supreme court justices the first year, and stole the one the second time around. I bet what you looks like, and I know you can’t like yourself. What has you contributed to the world lately?
Posted by: sara wilson | January 21, 2009, 10:43 am 10:43 am
Michelle looked awesome, haters (republicans)think otherwise…… Just par for the course for them. It is like some women and men do not like if others look better then they do. Soooo immature…
Posted by: USCITIZEN_04 | January 21, 2009, 2:26 pm 2:26 pm
Yes Obama’s wife looked fantastic. Stop complaining about Bush. I think he did decent with all the bad things that just happened while he was in office. Every president had a problem; and with all due repect to President Obama, I wish him luck, but he might have a problem just like every president
Posted by: Thetruth | January 21, 2009, 4:35 pm 4:35 pm
She looked TERRIBLE. Like Wal-Mart took gold Lurex curtains and made a mother-of-the-bride outfit from them, complete with plastic “jewels”. sparkly and “bejeweled” in the MORNING? And that COLOR! Oh, it was gasp-out-loud HIDEOUS! I wanted to cry knowing that all down the years, she will look like THAT in those pictures. He will look FABULOUS and she will look like a nightmare. And that ballgown: prom dress or wedding dress? And sparkles again (tacky, tacky) Michelle, you’re too old and TOO BIG to be doing “white princess.” Looked like she could have thrown her husband 10 years without straining. She desperately needs HELP in the fashion arena — but then she made that very clear with her red-and-black “Black Widow” number on Election night. Another stunner — again, for all the wrong reasons. She’s not a fast learner, is she?
Posted by: LibDemfromCA | January 21, 2009, 9:52 pm 9:52 pm
I think alot of people out there need glasses. I don’t know who they are looking at but I am sure it hasn’t been her. there is nothing pretty or classy about a woman who up until now hated her country. Ugly in and out.
Posted by: peggy | January 22, 2009, 8:35 am 8:35 am