Obama and the stock market effect.
Posted: Tuesday Jan 20 8:44:33AM 2009
Now that the big day is here and Obama will be taking oath what will be the direction of the market going forward? Personally I believe we have hit bottom. I believe we may retest some lows but we wont make a new lower low. I dont think we will have the same amount of forclosures in the states as we did have last year thus the worst is over. Stocks will start to rebound in the second half. Thats my predictions what about yours and do you feel that Obama will give hope to everyone? I really think the feeling of hope that Obama is instilling into the market will go a long way in changing peoples views on the state of the economy and their spending.