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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (117902)	3/3/2009 5:00:51 PM
From: Tommaso	Read Replies (1) of 132070

Have we hear anything like this before in the past? "I think what we're seeing is that as people absorb the depths of the problem that existed in the banking system, as well as the international ramifications of it, that there's going to be a natural reaction," Obama said of the market. But then he added that "profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it."

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