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Originally posted by galdur
It would appear that President Obama’s speech last night was not that well received judging by the action of the market Friday.
So far, President Obama’s words have not helped the markets in the past, it seems.
This was probably one of the most important speeches he will ever give and could mean the difference between keeping or losing his own job next year. The very negative reaction of the market must be a concern.
But it could be that the market doesn´t believe that Mr. Obama´s proposals will pass Congress. Maybe that is the real reason for the sell-off.edit on 10-9-2011 by galdur because: (no reason given)