Newest Blogroll | MarketplaceDow Trading Hours If Obama made his campaign speech during trading hours Wallstreet where the Dow would have finished? Up to? Down? down 300 Not really important. We'll see what Wall Street thought today. The time of speech is no difference in this case. Wall Street can not be predicted at the time too easily anyway. People are trading on pure emotion. Last week was a good example of this. On the word of a single administration official as may be necessary to nationalize the banks, the market was in freefall. Obama comes later in the same day and said do not worry, we're not the nationalization and the market began to rebound. More reassuring was offered by the administration yesterday and there was a gain for the day. Nobody thinks about the overall success in the long term the market has proved. They go on raw emotion and everything can turn on a dime at a time. The Dow would have fallen, as he probably will. Dow Jones is an instrument of the U.S. economy, the recession is already over it will just take until September for people to realize Who cares about the Dow Jones? Obama is not a lover of the scholarship and vice versa Down! CK kidding right? Posted on February 10, 2010.
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