I am not going to pretend that the current President takes all the blame here – given all of the influences that can affect the market that premise would be ridiculous. But I will attribute the lion’s share of the blame to him. One thing I will not let pass though is the continuation of the infamous “we inherited this mess” line from his administration. The markets are a statement of confidence in the future; not the past and therefore are now more reflective of Obama than GWB. Besides the "we inherited this mess" line reeks with the stench of deceit and dishonesty to begin with.
Confidence is low, and everytime Baracky opens his mouth, it goes lower.
I'm not sure how to tie this in, but I feel it must be mentioned that Chavez wants Obama to wash his ass. Perhaps Sean Penn can explain this one to us?