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Tuesday, January 20, 2009 

Historic fall may signal a rally in the stock market

The man that will change the face of America and who many Americans believe and respect will take place as president of the United States today. The Dow Jones depreciated 14% since the day that Barack Obama was elected, representing the worst performance ever on Wall Street in the period that runs from the day of the election and swearing in of a president of the United States. The previous worst performance of the index in the same period occurred in 1933, before Franklin D. Roosevelt took U.S. leadership. After the previous negative record in 1933, and according to the history, the Dow Jones reacted positively and gained 75%. Like Roosevelt, Obama also faces a serious financial and economic crisis and wants to apply the same recipe: creating jobs and investment. "The situation is not as serious as in the 30s, but is serious enough to wait for Obama to turn a page to restore confidence that was shaken," Bloomberg told Leonard Stern, a historian of economics and finance.Let's all hope that this man who many of us believe, brings prosperity, wealth and prestige worldwide again to this wonderful nation.

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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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