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Parking Lot Off-topic chatter pertaining to movies, TV, music, video games, etc. |
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03-03-2009, 10:03 PM | #10 |
A Dude
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 45
Posts: 12,421
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Re: How Low Can It Go?
As soon as we begin to blame the President of the United States for what is happening to the stock market, you can pretty much call the market's behavior irrational. The president of the United States has very little control over the economy, big stimulus bills or otherwise.
The fact that people are blaming Obama shows that too many have no idea what's driving the downturn, which means prices have been driven down too far. When lending turns around this market will bounce very high. Don't worry about whether you're getting in on the ground floor, just get in before you miss it.
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