Friday, February 13, 2009

Hope?

The stock market represents investors view of the future. Apparently President Obama has failed to inspire a lot of hope on Wall Street.

The Dow Jones stood at about 9,300 on Oct. 31, 2008; as of Thursday, Feb. 12, 2009, it had fallen about 1,400 points.

Obviously we can't blame the steady downward market trend completely on Obama, but it certainly does not indicate that the business world places a lot of hope for the economy under our new president.

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