The American Spectator

Angel| 3.3.09 @ 8:04PM

A fool's bet, just like all of the votes he got in '08.

ConservativeWanderer| 3.3.09 @ 8:19PM

Just like 57 states (or was it 58?) and a breathalyzer instead of an inhalator, Obama goofed this time.

Even I, who don't work in the investment field, know that it's not a "profit and earning ratio" that investors look at... "profit" and "earnings" being very nearly the same thing, such a ratio would be meaningless... and would almost always be 1:1.

Perhaps his oh-so-expert Treasury Secretary Tim Geithner (who can't even calculate his own taxes right) should teach Obama about price to earnings ratios.

ruth| 3.3.09 @ 8:27PM

Next he'll dispatch his ACORN thugs to knock the snot out of anybody who won't invest. Hope and Change!

WendyG| 3.3.09 @ 9:17PM

What a putz.

R Bloodworth| 3.3.09 @ 9:58PM

P/E stands for Price divided by Earnings or Price/Earnings ratio you moron. Of course Obambi knows nothing about Economics and Investing. Isn't that apparent?

John Chapman| 3.4.09 @ 6:41AM

I agree with our "savior", the only addition being that I would submit my buy order in early November, 2012.

Martin| 3.4.09 @ 7:09AM

Profit is generally taken as pretax profit. So he's right, the profit to earnings ratio is rising steadily -- as he extracts more and more corporate taxes.

Looks like a short-term bounce today, but I wouldn't trust it -- more pain to come.

bluecollarbytes| 3.4.09 @ 7:50AM

So unlike the great Obama,....where's the new federal program that will insure the basic value of a given stock? Federally-insured stocks, Kinda has a ring to it.

ConservativeWanderer| 3.4.09 @ 8:34AM

Martin, I agree the term could be used like that.

However, in my crash course in the topic last night, I learned that the most common formula used in investing is price-to-earnings ratio, or P/E ratio.

http://www.investopedia.com/terms/p/price-earningsratio.asp

http://www.investorwords.com/3656/P_E_ratio.html

http://invest-faq.com/articles/analy-pe-ratio.html

Given Obama's apparent cluelessness about the market in general, and his many slip-ups with words (like a breathalyer instead of an inhalator), I think that Occam's Razor points in this case to Obama not knowing what the heck he was talking about.

Your mileage may vary, past performance is not indicative of future results, coffee is hot, and all the other assorted disclaimers apply.

stu.b.con| 3.4.09 @ 8:38AM

I think his comments are part of the continuing and conscious process of destroying the economy and wealth of America he and his socialist minions have undertaken. Sure, invest in Pres. McGilliBama's snake oil...and watch it disappear into thin air.

Bagbalm| 3.4.09 @ 9:34AM

Did he mention how much of his own money he put back into stocks?

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