I know, I know – how unpatriotic of me it is to write an article such as the one I am about to write. But lets be frank – anytime President Barack Obama speaks before a national audience, the market tanks. Since he has been sworn in as President, Obama has had three press conferences, and each time the market has dropped like a rock thereafter.
So why do we bring this up? Well, we try to provide our readers with trade setups – and what better one is this – though he doesn’t provide us with a national address every night, he has given us three sure trade setups since taking office. The first was his inaugural address on January 20, 2009, followed by his first prime time press conference on February 10, 2009, in which the following day the market tanked once again (not helped at all by Geithner’s vague description of the bank bailout plan that same day), and finally last night where he spoke before a Joint Session of Congress on the State of the Nation. Simply put, that is 3-for-3. So, the next time Obama gives a nationally televised speech – consider it a shorting opportunity.
Here’s the Obama Short Setup Chart!…
Also another rambling: Is it me or does it seem like when ever a politican opens his mouth he creates widespread panic in the market? You have so many power hungry politicans out there (Ahem! – Christopher Dodd, Carl Levin, Chucky Schumer (fraud), Barney Frank (fraud), Charles Grassley) that are willing to say and do and spend anything and everything to hold on to their power and to cover their butts come election time in 2010, and to do it at the expense of our country. It would sure be nice to see a gag order placed over every elected politician until this market and economy can figure itself out.
Actually there does seem to be one politican that is at the forefront of this whole mess speaking with common sense and that is Richard Shelby (Senator from Alabama). He has demanded that we end the reckless spending engulfed in Washington, and has fought against the free handouts to the banks and automakers, and instead vouched for limited government and free market solutions to get us out of this mess.
I don’t normally mix politics and stocks, but I have no choice, these politicians are messing with our markets, driving it down in an ungodly manner, and when they do that, I have no choice but to speak up. They don’t know what they are doing, they are in part, the culprits who got us into this mess, and now they are trying to get us out of it. Can we get some term limits please!