Obama slams thriving Wall St? Stocks plunge.
In the weekly address from the "office of the president-elect", an office that exists only in Obama's world, a troubling quote was delivered. Apparently Obama does not believe that that we can NOT have a thriving Wall St. when Main St. is suffering. What is interesting to note is that this speech was delivered Friday where the market action was peculiar at best. Stocks were in a hole all day and finally went into positive territory at around 3pm, suddenly within an hour the market shaved off all of it's gains. This kind of action can certainly be attributed to profit taking before a weekend, perhaps the Summit was spooking people - or maybe it was this beauty of a speech. You see, when half of the working families in America have a 401k retirement fund - a thriving Wall St. ensures that Americans can retire peacefully. A thriving Wall St not only helps companies tap into funds, but also puts money back into the pocket of Americans. Lastly and most importantly a th...