May 21, 2009

Barack Obama on March 3, 2009: "What you're now seeing is a profit and earnings ratios get to the point that buying stocks is a good thing"


Who needs Cramer or Kudlow or Roubini or Kass, when you got the Big Insider telling you what was to come.

Say what you will about Obama, he nailed the EXACT bottom. Maybe to the hour.

Best stock picker in America.

Game is fixed.



27 comments:

Guberville Smack said...

P/E?

See you at DOW 5200.

Anonymous said...

Stunning

bank dick said...

LOL - did the Picker-in-Chief warn everyone to get out today? The bond market is about to hand Obama, Bernanke, and Geithner their asses, as their little Spring rally in stocks turns back down. Figures never lie, but liars figure. Geithner's little "whoopsie!" on the deficit, and the obvious QE that will be needed to finance it have just about removed any credibility the man had.

Sell in May, go away (or short the shit out of everything, starting today!).

casey said...

no one cares about profit when shit is hitting the fan.Panic is what drove the markets down.

SeattleMoose said...

Last straw for having any hope for Obama being a "breath of fresh air" went out the window today with his "Al-Kaida is out there AND IS GONNA GET US" speech.

What a tool. Did Cheney write his speech?

Fear...the great tool to keep the herd scared and distracted...else they realize the real threat...all the FED/WS/Bankster piggies who have/are raping this country and destroying it.

Anonymous said...

What did you want him to have said: "Run for your lives"?

gutless and lazy said...

I'm REALLY curious about this question. Maybe Keith could create a poll?

Comment:
Britain f*cked itself over.
http://tinyurl.com/pc3zl9

Question:
Does the USA deserve a AAA credit rating?

If not, what credit rating would you give the USA?

Thanks in advance for any responses.

Anonymous said...

Will he tell us when to sell?

vanilla ice said...

How screwed up are we when our government is out telling us to buy stocks and cars and houses? I'm not just talking about Obama either.

Marcia Lang said...

well, we'll see what Obama can do with the debt he's running up especially since:

"Another bad signal from the job market and concern over a possible downgrade of British government debt sent stocks sharply lower Thursday."

I think they bumped the stock market a bit to get folks buying but we're in for a nasty October surprise; so drink your Obama branded koolaide while it lasts.

Anonymous said...

uh, unless profits continue to drop....

Angry Leprechaun said...

"Will he tell us when to sell?"

That made my day sir.

Banana Republicrat said...

Translation: "What you're now seeing is a lack of alternatives: most people would rather gamble in stocks than make the miniscule returns available in gov't bonds or cds, or worse yet earn -??% in real estate. And don't bother stuffing your mattress, you'll need that cash for heat later."

When the Americano snapper's treasuries go el busto, and they will, then we'll see what's what.

Randy said...

Queeferonio,

Ok where to begin?

we may need to step back and explain to the messiah what P/E stands for

It is not 'Profit/Earning' (these 2 things are pretty much the same

P/E = Price/Earning

lets leave it at this for now

Anonymous said...

oh boy! best question ever keifh. Will he tell us when to sell? Love it! You gotta admit keith, you got some sharp anons reading your blog! ;)

Paul E. Math said...

I do genuinely wonder if the game is fixed. My current feeling is 51% that it is fixed.

Obama is smart but I don't think he understands money or economics. I don't think he understands that hard and fast rules of economics can only be avoided through political solutions for so long.

I think Obama thinks the ends justify the means, that collusive manipulation of markets is okay if his intentions are pure.

But the ends that he hopes for will never come to pass.

Inflationary holocaust.

Dr. Huxtable said...

I agree with what 'Vanilla Ice' said.

The govt is begging us to keep the pyramid scheme going. "Keep buying crap you don't need with money you don't have".

Keith, how about a poll on where the Dow is going. Does it retest 6400, or does hyperinflation kick in and justify the recent rally?

Anonymous said...

Where is the earning coming from.

http://www.foxnews.com/
politics/2009/05/21/congressional-
budgeters-predict-percent-
unemployment-
rate-year/?test=latestnews

Congressional Budgeters Predict 10.5 Percent Unemployment Rate Next Year

The CBO projects Americans will continues to lose jobs through mid-2010, with the umemployment rate peaking at 10.5 percent next year, CBO Director Doug Elmendorf said in testimony before the House Budget Committee.

Anonymous said...

Did Obama call the top and tell the sheeple to sell? Yeah, thought so. Things look good when you can paper over everything with borrowed (and printed money). Then....

Anonymous said...

.



So howz that Hope and Change workin out for ya?



.

Anonymous said...

You are a fool....the bottom? yea right....what a fool you are keith

borkafatty aka the pig said...

The game is fixed. Thats why i took my ball and went home in September 2008.

i've had it said...

It was a big setup. Prior to the turnaround BO was saying we were going into a Depression. That got his debt bomb budget passed and then all the coordinated "feel good" talk the last few months which has pumped the market.

BO is the biggest market manipulator this country has ever seen. Just another grifter.

Anonymous said...

sharp wit sharp minded anon = moron

Angry Leprechaun said...

Post my other comment Keith, that shit was funny.

Paul E. Math said...

Anyone else read about how low the trading volumes have been on up days?

That says manipulation to me.

Lost Cause said...

Bill Clinton made over a billion dollars for the USPS by delaying intervention in the UPS stike back in the day. That's what I love about the democrats -- damn good money makers!