UPDATE: BEHIND THE MONEY: Obama Says Buy Stocks
I can't ever remember a sitting President actually recommending buying stocks, but Obama did just that today.
"On the other hand, 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," said the Market Timer In Chief, at a press conference with British Prime Minister Gordon Brown (Click here for a link to full story)
So Obama is using the selloff that some investorssay is caused by him, as a buying opportunity.
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