Rats Flee Sinking Obama Ship
Rat (lower right) flees as Obama bashes Wall St
While President Obama stood on the steps of the White House lauding the Harry Reid and the Senate for advancing his heavy handed Wall Street regulations, a rat (lower right hand corner of the photo) decided it was time to jump ship.
It is a common theory that rats will leave a ship when they sense it is sinking.
In reaction to the bill, Wall Street also “jumped ship”. Dow Jones Industrial traders drove the index down 376.36 (3.6%) in reaction to news about the advancement of the government regulations.
As usual, the American investor pays the price. The DOW is down 9.5% over the past month as the bill weaved its way towards passage.
The rumors that the rat was running out to buy gold have yet to be confirmed.
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Just remember, for every seller (i.e. rat jumping ship) there is a buyer. I’m a buyer.
(Also, I love how you are blaming Greece and the Euro on Obama. )
Smart Gal, but good stocks as they go down, buy gold as insurance and buy rat traps, because who knows where this little guy and his friends might wind up.
Buy gold? GOD NO! It’s already at the peak of the bubble and there is a huge crash coming. Anyone who buys now is going to lose their shirt. I recommend short selling.
Anyway, gold is pretty worthless stuff in today’s world and will be even more worthless if the worlds economy collapses. If you want precious metals, buy into those with large industrial value that are scarce. If you want insurance for a collapse of the world economy, buy tools and other commodities that will be needed in a post apocalyptic world. Gold will certainly be worthless.
Edit correction, the down was down 376 points, not percent.