Protect Image at All Costs.
While Obama begins a campaign to ‘reset’ and ‘downplay’ expectations, we notice an unintended consequence: it speaks uncertainty.
The president-elect, in an attempt to save-face for re-election in 2012, has decided it is better to bring down expectations in the time before innaguration so any accomplishments are viewed in a brighter light.
He needs to act presidential.
But comments like “false starts” and “setbacks” do not inspire certainty. They do the opposite.
And when people are uncertain, they sell. This isn’t rocket science.
Investors, not sensing a strong direction cannot predict and must assume the worst.
But at this point I would settle for a mere leader, and not someone who’s predicts trouble to benefit his image totally ignorant of a market hungry for a solid voice.
Doesn’t this man have any confidence? Doesn’t this man know people believe in him, that he has a gift, and should use it to inspire confidence in the America.
But for a man only concerned about protecting his legacy, his team is busy making sure he makes the correct moves so people think well of him, even if their 401K suffer.
Down Fell 1300 Points Since Obama Elected
Updated November 12th, 2008
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