Thu, 05 Mar 2009 17:21:39 +0000 – By Mark JosephProducer/Author/Editor, Bullypulpit.com
My stockbroker finally convinced me to get out of the market. I was hanging on to the old adage that what goes down must eventually come up. I still agree with that, but I think it could be a decade or more before recovery happens. Why? Because, stock novice that I am, it seems to me that Obama and the markets are playing a game of chicken.
How low must our passive-aggressive money men and women drive the market before our president gets the message?Jim Cramer
The only question now is how low will the markets have go before Obama gets the message they are trying to send him? 5,000? 4,000? 3,500? My bet is the latter. At some point a rational person would think that the president would realize what's going on and concede that this is not the time to increase the tax burden on anybody--rich or poor. How low must our passive-aggressive money men and women drive the market before our president gets the message?
Mark Joseph is a producer, author and the editor of Bullypulpit.com.
Mark Joseph is a film producer and marketing expert who has worked on the development and marketing of 25 films. His most recent book is The Lion, The Professor & The Movies: Narnia's Journey To The Big Screen.