Welcome Mr. President

Now if we can only get the folks on Wall Street to report to you, we should be all set.

I would view this kind of profit taking and drop in value as a sign that Wall Street and the market think they are “bigger” and outside the reach of the Presidency which is unfortunate.

If this happened in a company, i.e. Wall Street driving down the price of a stock after a new CEO is named; everyone would be flabbergasted and concerned. This would be a sign that the Street doesn’t like the new boss.

What were you guys collectively thinking? You couldn’t allow the feel good buzz to last a day?