Hot market tips

Prime Minister Harper was excoriated for this during the fall 2008 election campaign, when the depth of the economic crisis was not yet apparent:

Conservative Leader Stephen Harper’s suggestion that investors should look for potential “buying opportunities” amid falling stock markets shows his lack of concern for Canadians’ fears about the global economic crisis, Liberal Leader Stéphane Dion and NDP Leader Jack Layton said Wednesday…

One eagerly awaits Canadian Obamamaniacs’ reaction to this, in the midst of the full crisis:

As Wall Street tumbles, President Barack Obama offered up some investing advice on Tuesday [March 3], telling a wary nation that stocks are becoming a “a potentially good deal” for those willing to think long term…

Maybe the president is just a bit better at knowing when to “buy low”?
Mark C.

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4 thoughts on “Hot market tips

  1. The only slight difference is that Harper made his comment on Oct 7/08 when the DOW was around 9900. Obama (and I am not an Obama supporter in any way) said it 2 days ago with the DOW at 6700. So, had people listened to Harper, they might be sitting on only 2/3 of their money right now.
    Of course, only time will tell if Obama was right in figuring out the market bottom…we’ll see.

  2. *The only slight difference is that Harper made his comment on Oct 7/08 when the DOW was around 9900. Obama (and I am not an Obama supporter in any way) said it 2 days ago with the DOW at 6700.*
    yes – courtesy Obama and his Slushulus Package, the Dow Jones Industrial has collapsed.
    Watch the rest of the u.s. economy go with it – and of course Princess Obama will claim `it’s Bush’s fault’, and the eager stenographers in the new media will ape his every word

  3. Given Nathan Rothschild’s maxim to “Buy when the cannons are firing, and sell when the trumpets are blowing”, it should be a good time to invest in the market, even if, in the short-term, it slips significantly further. That said, Obama’s reference to “profit-and-earnings ratios” doesn’t exactly inspire confidence in his understanding of how the economy works.

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