Obamanomics: A Sickly Market Takes A Turn for the Worse?

Here is a snapshot of the market since November 4th. Keep in mind that the market actually began to turn south when the Fannie Mae and Freddie Mac dominoes – propped up by Barney Frank, Chris Dodd and Maxine Waters – finally began to topple when our financial institutions realized that the NINJA loans (No Income, No Job, No Assets) were never gonna pay off.

The next decline starts tomorrow after President Obama delivers his speech tonight outlining the steps toward nationalizing health care.

The funny thing is that most of the job market is being held up by stability in the health care industry. Will tonight’s remarks change that? Stay tuned.


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