Obama Says its Time to Buy Stocks

After a meeting this afternoon with British Prime Minister Gordon Brown, President Obama played the role of cautious cheerleader, urging investors to stay rational, but invested. “Profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal.” Said Obama, “if you've got a long-term perspective on it."




Meanwhile, some of the nation’s largest banks continued to fall in trading today. Wells Fargo & Co (WFC) fell another 1.5% and JP Morgan Chase fell almost 1% in a day of mixed trading. Bank of America (BAC) and Citigroup (C) both rose slightly in trading today. "What I'm looking for is not the day-to-day gyrations of the stock market,” said Obama, “But the long-term ability for the United States and the entire world economy to regain its footing.

learningmarkets.com