America’s new president Barack Obama is appointing the rest of his staff this week, however, the finance minister was chosen last week; Tim Gaithner from the Federal Reserve’s headquarters in New York, a favorite by many Americans. Furthermore, Obama promise billions of Dollars in support, and jobs to the American people, he even promises to handle this finance crisis and recession.
The Dow Jones Index rose last week, and continues to do so for several days in a row. In Stockholm, the OMX Index rose 9.1% in only one day – the biggest raise for a day in 10 years. This is what I call an Obama- effect. However, if it will turn the stock market around is doubtful.
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