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Re: cl001 post# 131383

Saturday, 02/05/2011 3:21:11 PM

Saturday, February 05, 2011 3:21:11 PM

Post# of 174977
cl,re: I don't understand why so many smart traders are still trying to pick up the falling knife year after year?

What falling knife?

THE OBAMA BULL MARKET:

OBAMA GOES LONG THE MARKET
DJN March 3,2009

WASHINGTON (Dow Jones)--President Obama appeared to be flashing the buy sign to nervous investors Tuesday when he said shares could be "a potentially good deal." The remarks, a day after the Dow Jones Industrial Average sank to its lowest level in 12 years, were unusual at the White House, where officials are loathe to comment directly on market movements, much less share rices. "What you're now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it," Obama said.

Since Obama Pounds the table on March 3, 2009:

Russell 2000 went from 361 to 800, up 121%
Nasaq Composite went from 1321 to 2769, up 110%
S&P 500 went from 696 to 1311, up 88%
Dow Jones went from 6726 to 12092, up 80%




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