Thanks for the props, they're appreciated but don't misconstrue what I'm saying. I'm not blaming Obama for the "mess" I'm blaming him for the market and it's lack of confidence in his solutions.
This could have been just another garden variety washout but INSTEAD it turned into a crisis because investors are unsettled. Hell none of us here have a clue as to our tax rate. Not cool.
And as I posted on in the P&R forum earlier: "If Obama was truly confidence inspiring then people would be confident. It's a simple extrapolation. But why would they be. He has the same Defense Sec as Bush, his Secretary of State's best known foreign foray was lying about being shot at in Bosnia and his Treasury Sec is a tax cheating, bull on the highs, stuck in the box bureaucrat. Half his other picks either dropped out of the nomination process because of ethical concerns or because they couldn't stomach working for him."
Traders suspected Obama would be Carter. He's done little thus far to alleviate that perception.
This could have been just another garden variety washout but INSTEAD it turned into a crisis because investors are unsettled. Hell none of us here have a clue as to our tax rate. Not cool.
And as I posted on in the P&R forum earlier: "If Obama was truly confidence inspiring then people would be confident. It's a simple extrapolation. But why would they be. He has the same Defense Sec as Bush, his Secretary of State's best known foreign foray was lying about being shot at in Bosnia and his Treasury Sec is a tax cheating, bull on the highs, stuck in the box bureaucrat. Half his other picks either dropped out of the nomination process because of ethical concerns or because they couldn't stomach working for him."
Traders suspected Obama would be Carter. He's done little thus far to alleviate that perception.
Quote from eminitrader007:
I am not arguing about your trading skills and experience (I was in grade school when you started trading in 82). To be honest I have enjoyed your trading related articles but I disagree that Obama is to be blamed for this mess we are in. When Reagan and Bush 1 and 2 ran huge deficits and increased the size of the government it was fine and when the liberals do it then everyone on the right has a problem.
