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Tuesday, January 20, 2009

Barack Obama...bid for change speech falls on deaf ears at Stock exchange. Dow drops 300 points...


In spite of the fact thousands braved a wintry blast on Capitol Hill today - to warm-up to the 44th President's promise of "change" for Americans across the Nation - the stock exchange turned a cold shoulder.

Same old, same old?

After hearing the new President's inaugural address, investors went back to selling stocks - promptly sending the major indexes down sharply - according to New York Times newsies who have been monitoring nervous markets in recent days.

"Traders on the floor of the New York Stock Exchange paused at times to watch the inauguration ceremony and President Barack Obama's remarks, but the transition of power did not erase investors' intensifying concerns about the struggling economy," one reporter astutely noted.

At the close of the day, the Dow Jones Industrial average plummeted more than 330 points (about 4 percent).

Elsewhere on the economic front, Standard & Poor's 500-stock index fell 5.2 percent.

Does this telling turn-of-events bode well for middle America's great white hope, Barack Obama?

News at 11!


http://www.julianayrs.com

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