As I sit here sipping the finest tequilla, minding a couple of fillet mignon and working on some veggies – I contemplate what the boys in Washington are doing at this moment.
Obama most likely has his head in his hands or perhaps has “retired” to a private area – digesting the current fiasco playing out with respect to the “Obama Care” roll out, and good ol Uncle Ben can’t be too thrilled about the rise in USD.
Me? – I just cracked another cold one.
Could it be any worse for these guys?
People now realizing the incredible increase in payments, the difficulties in qualification, and the out right “lies” put forth over the past years in selling this thing to the masses.
I don’t know all the details, and likely never will – but what I do understand is “sentiment”.
When “investor sentiment” changes ie…people become enraged/ scared/fed up/rebellious etc…it always reflects in financial markets. If only a mirror of human behavior, as it pertains to both greed and fear – financial markets provide an incredible field of study.
I can’t imagine it could get much worse for poor ol Barak here, as people are pissed – really pissed.
Sentiment is on the verge of change/ rolling over – and we don’t want to be on the wrong side of that.