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.
http://online.wsj.com/public/resources/documents/info-presapp0605-31.html

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Resurrection of Harry Truman

I urge all of you to get familiar with the biography and history of one Harry S. Truman. We are going to hear his name a lot in the next 3 months for 2 reasons:

1. If McCain makes this comeback, it will be the equivalent of the Truman-Dewey in 1948. Dewey was ahead late and all of the media had called it in his favor. Dewey was running against a very unpopular President (Truman himself) and the media loved him.
2. As Bush exits, many pundits will invoke Truman as a comparison in low approval ratings at the end. Historians will make the comparison that Bush will be judged much kinder by history then his contemporaries for making the tough decisions despite negative public opinion, much like Truman. Bush will be compared to Truman in his presently perceived ineptitude, but legacy will show a man challenged by emotional presence rather than an ignorance or lack of intelligence.

Signing off...JCB

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