Friday, March 6, 2009

Still Diving

Does the DOW think its a sky diver or something? It is down another 104 points so far today and the market is still open.

Good work Dear Leader. I wonder if Obama thinks the lower the DOW goes the better?????

The Dow Jones Industrial Average has fallen faster under President Obama than under any new president in at least 90 years, according to a review conducted by Bloomberg.

Bloomberg reports that since Inauguration Day, the Dow has fallen 20 percent, leading at least one investor to dub this the "Obama bear market." The Dow has also dropped 31 percent since Election Day.

Despite a string of government bailout offers and Obama's advice earlier this week that Americans should be buying stock while shares are low, the Dow has continued to freefall.

Bloomberg reported that Obama is at risk of breaking a historical trend -- in which the Dow soars an average of close to 10 percent in the first year after a Democrat wins the presidency.

Like I have said Obama is going to ruin this country if we continue with the socialist policies he is trying to put in place.

Story is here on Foxnews.com

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