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Chart: Markets Cranky After Speech

January 20, 2009

The S&P 500 and the NASDAQ quickly moved lower, EXACTLY as President Obama finished his speech. Obviously, investors were looking for something that they did not get. Whether it was a tougher stance or a real set of initiatives that was hoped for, it was not to be heard today.

So far, much of the posturing has left many investors wanting to believe but most are still looking for a something tangible to hang their hat on in order to commit to equities.

Click on the chart below to see how the markets reacted immediately following the Inaugural speech….

1-20-2009-1-19-25-pm

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Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.

Written by Andrew Horowitz · Filed Under Markets 

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2 Responses to “Chart: Markets Cranky After Speech”

  1. jt dadfdfasdas on January 20th, 2009 10:26 pm

    The rubber meets the road…or 'meats'

    We need something concrete but the president is still making speeches. If it keeps going like this (the speeches and not anything concrete), would it be fair to say to move into precious metals and out of the dollar?

  2. PrigmaGinna on December 14th, 2009 9:43 pm

    What’s up – This is a great forum

    Just registered and wanted to say hello.

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