Posted by
Mr. Right(wing) on Wednesday, March 04, 2009 11:44:03 AM
Whew. Glad that’s over. President Obama yesterday pronounced that the stock market is set to rebound:
On the other hand, what you're now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it.
Of course, he is referring to P/E ratio.
One problem: P/E ratio means price/earnings ratio not profit/earnings ratio. Even Anna Kournikova knows that profit and earnings are the same thing.
Does this guy even invest in the stock market?
If Bush said this, Keith Olbermann would be calling him the Stupidest Person in History, or something like that.