Did Obama Say Stocks Are Too High?
You all remember that Obama recommended buying stocks in March 2009 on exactly the right day..
Is Obama now saying that we've reached a peak?
“My estimation is you've got a lot of savvy investors out there," he said. "You got people who recognize that what goes up can come down as well. I'll leave it up to them to make determinations about whether valuations and stock prices are too high. I'm more concerned about the day-to-day fundamentals. And if we get those fundamentals right, then I'm pretty confident that we can do very well in the next decade.”
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There are decades where nothing happens; and there are weeks where decades happen.