How long shall Mr. Barack Obama keep the stock indices up when he formally inaugurate next January?
There may be a “honeymoon period” for about a month, maybe even 2-3 months, before Wall Street will realize that the Obama Administration is hiring all the old school politicians and lobbyists – despite their lip service to change.
Then, we will see even lower numbers on all the indices, probably occur around the April/May time frame.
I expect 2009 to be a very poor year for the stock market – maybe not as horrific as 2008, but certainly little or no recovery from present levels.