"It is the common fate of the indolent to see their rights become a prey to the active. The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime and the punishment of his guilt." -- JP Curran, 1790

Thursday, January 22, 2009

Obama stock is over priced, get ready for the sell off

For all the coverage of Obama's approval ratings coming in, Dick Morris must be in the minority of those who are pessimistic about the future.

Obama has no where to go but down. This balloon is has been over inflated. He has tried to let the air out with pessimistic assessments of the economy but the inauguration countered that. With the extravagances of a monarchy and the gushing coverage of a celebrity wedding (Michelle's attire) Obama has likely peeked.

Compared to past Presidents, those who started out hot (Truman, Kennedy, Johnson, Carter) fell hard. Now that he has to make decisions, we will get a sense of reality again.

Signing off...JCB Sphere: Related Content

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