Well yeah, the market is bouncing back, BUT...

Tuesday, September 8, 2009

Let's see, last November, the economy was on a fast track to hell. The market was losing 6 or 700 points a day.  We saw a drop from 13,000 down to almost 7,000. Newly elected President Obama took office facing what all of the commentators and analysts agreed was the greatest economic downturn since the great depression.

Three months into President Obama's administration, faux news, Joe and Mika, and the rest of the R's were out in public proclaiming that because of the 'stimulus bill', we were now in the throws of Obama's economy.

By the 7th month of his administration, the market started to turn around (7 MONTHS) and the talking heads started changing the subject. And now in the 9th month, we are seeing slow but steady growth...

This morning on MSNBC the discussion of the market began with "Well, the market's are up, but..."

C'mon y'all.. would it kill you to acknowledge the positive? Considering the fact that the market is essentially fueled by confidence, what exactly are you attempting to do by downplaying the positives and overplaying the negatives?

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