From the conversation, I really expected Obama to have said, "American people, go out and buy stocks. The market is fine."
Not surprisingly, that is not even close to what he said. He said:
Sounding like an analyst, he said 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."So, Obama said something completely rational. Dobbs, and others, took that and turned into a proclamation that would be much more interesting, but wasn't even remotely close to what he was really saying. Gotta love cable news!