Stocks fall as Obama fails to deliver details

Fred Garvin's picture

Stocks fall as Obama fails to deliver details

Stocks fell on Wednesday as President Barack Obama's first address to Congress shed little new light on how he plans to stabilize the economy and shore up banks, and gloomy home sales data fed the negative sentiment.

Obama said in his speech on Tuesday night the United States would emerge stronger from the ongoing crisis, but investors found little in what he said to spur buying after the market's rebound on Tuesday from 1997 lows.

Lowest market since the Clinton years.

Yep, now that's change that you can believe in!!

Fred Garvin's blog | login to post comments