Lately there's been a lot of talk about how Barack Obama is responsible for the Dow Jones average and the generally bearish market we're in. This is an oversimplification of the situation because it doesn't explain how he does it. Conservative critics just assume because the market is generally going down that it must be doing that just because Obama is President.
The evidence for how Obama does it is right before your eyes. The picture above is from an event yesterday. Notice that the President is wearing a red tie. That is the key to Obama's control of the markets. Yesterday the Dow went up about 280 points.
Now, this photo is from the stem cell order signing on Monday. Obama, as he often does, is wearing a blue tie. On Monday the markets went down. Obama's preference for blue ties is having an unfortunate effect on our economy. Still, he sometimes he goes for the red:
Here's Obama addressing Congress last month. Red tie, huge market rally that day!
So there you have it. It's not Obama's Presidency causing the bear market but his general preference for blue ties. I hope this clears things up.
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