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February 25, 2009

Obama's Speech Creates More Stock-Buying Opportunities for Millions of Americans!

What a guy. You know all those blue chips you were afraid to buy because they were so expensive? Sale!

This isn't merely snark. The market prices in a lot of information. Much of the information is already baked in the cake -- the markets know, for example, we're in a financial crisis (or just edging out of one) and that economic activity has fallen off dramatically.

So price moves are based largely on new information. Especially if it's big new information. And they don't seem to appreciate the big new information Obama shared with them.

Eh. It's probably Bush's fault. Or Sarah Palin's. Somehow.


Thanks to CJ.


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posted by Ace at 10:50 AM

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