My opinion about President Obama's Adminstration Policy

2/28/09

From the date 1/20/09 (our historic first black president Mr. Obama started to serve his term) to very early February, stock market has little stable action. Since then, stock market begun tanking more and more.
President Obama emphasis to make new policy to avert the current crisis. However, each new announcement he makes, stock market is turning against him. It is because his policies are more political concern rather than solve the root of the problem.
Cut in short, now the most important heart of US is our financial system. But most politicans are lawyers who do not know how to do their job, not even have any good idea how to run our government to cope with this economical disater. Moreover, they decline to follow good economists' suggestions. What our government has done so far is exactly the same as how Japanese government did to avert their slump back to 1989.
Now, US government is going to mix with private banking system(wasting money into AIG, C,...). If this action fail, we will lost last hope. Then, it will delaying our rebounce time.

I have no faith about President Obama Admistration policies so far. If worse goes worst, stock market will keep this long down trend to around the end of 2012. Yes, no kidding it is 2012. Of course, there will be few huge bear market bounce(sucker rallies) action in between and those would be consider another great time to short the market. I guess we do not need to wait too long to see that US cannot recover this second half of this year. Good luck to America!!