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Mixed Reception for Obama's Stock Tips

Mixed Reception for Obama's Stock Tips

Yesterday, as the stock markets faltered further, President Obama told the American public that now might just be the time to go in, "Buying stocks is a potentially good deal if you've got a long-term perspective on it," as he said his policies wouldn't be determined by "day-to-day gyrations of the stock market." The Daily News spoke to some New Yorkers to ask them what they thought of the President's suggestion: One woman said, "I'm not buying any stocks now. [My investments] are sitting in cash. I don't think we hit bottom yet," while another man was also wary, "I lost a lot of my retirement in the stock market." However, one person was bullish, "There are good stocks out there. There are fundamentally sound companies," but then he admitted, "I'm a financial adviser, so it means more business for me." more ›

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