Wednesday, January 21, 2009
Barack Obama vs Stock Market
On the day of the inauguration the United States was in disunity as the nation was split into seperate factions, with part of the nation backing our new president and the other part criticizing him before he even entered office. As a result of this negative idea about President Barack Obama's economic policy we saw a decline in the DJI and Nasdaq due to consumer sentiment. I personally do not believe that this is fair at all as we cannot have a negative sentiment before he has enacted anything! As long as people view politics with a bias we will always approach anything that has ties with our ideals with a pre-made idea... this leads to unfounded fears and hopes. Hopefully our economy will rectify itself, its only a part of the business cycle and our new president has nothing to do with it yet.