Obama: stock picker, or confidence builder?

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#1 David Semeria on 10.23.09 at 4:15 am

It all depends on how frequently he talked up the markets. In the unlikely event of this being the only data point, then the man is an investment genius.

#2 chris dixon on 10.23.09 at 4:20 am

I think it really was perhaps the only time he advise to buy stocks. It got a lot of news attention at the time since it was so unusual for a president to give stock market advice. But I'd be curious if people can find other statements that so directly advise to buy stocks.

#3 mayanks on 10.23.09 at 4:37 am

We saw a similar trend in sensex when the UPA government was re-elected with a clear majority. government stability or its future guidance does reflect on the country's macro economics.

#4 Sekou Murphy on 10.23.09 at 4:41 am

I remember he got flack for days when he said it. But I remember turning to my wife and saying he's getting good advice from Buffett (who was one of his econ advisors). I also pointed out that he focused on LONG-TERM (like Buffett). Anyone good at investing realized this. Even Fred Wilson talked about buying up Amazon (and a few others) when its p/e was insanely low…around this time.

#5 shearic on 10.23.09 at 7:21 am

$10k question – is the market strong or the dollar weak? Compare EUR/USD rate to market performance. 1yr is a dead heat. 2yr, 5yr, no contest.

#6 MattCope on 10.24.09 at 6:40 am

Oh, yeah…
I remember that soundbite – I was meaning to look up whether that happened around March 9.
Good find.

#7 MattCope on 10.24.09 at 1:40 pm

Oh, yeah…
I remember that soundbite – I was meaning to look up whether that happened around March 9.
Good find.