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Five lessons for investors from Obama's inauguration speech |
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| Jan 20, 2009 11:15 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Forecasts, Google (GOOG), Apple Inc (AAPL), General Electric (GE), Goldman Sachs Group (GS), Palm Inc (PALM), Politics, Obama Picks  1. When I Twittered that Obama's speech was just propaganda and that my readers would be better served by focusing on bettering themselves, it inspired a 40+ comment chain on my Facebook profile. The lesson here is that people become very attached to their beliefs, like their stocks, no matter what any naysayer thinks, and many still believe in "quality investments" like Google Inc (NASDAQ: GOOG), General Electric Co. (NYSE: GE) and Goldman Sachs Group (NYSE: GS), each now down more than 50% in just a few months. 2. Propaganda works only for so long before it backfires -- Obama better come through on what he says or it'll be just another case of the "Steve Jobs is fine" rhetoric that has proven false and now taken down Apple Inc. (NASDAQ: AAPL), which has just broken through the key $80 support I talked about recently. That may make it a great technical short for aggressive traders, but not for me; I'm a conservative short selling penny stock day trader. 3. Politics is eerily similar to the stock market, those who inspire and make people the most excited rise to the top. Continue reading Five lessons for investors from Obama's inauguration speech Five lessons for investors from Obama's inauguration speech originally appeared on BloggingStocks on Tue, 20 Jan 2009 18:15:00 EST. Please see our terms for use of feeds. Read | Permalink | Email this | Comments
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