Obama becomes president - Dow Jones goes down

Yesterday Barack Obama became the 44. US President. However, his speech during the ceremony disapointed many observers - and the financial market seems to be a little disapointed as well. Obama represents hopes of many Americans, but for the market hope is not enough at the moment.

Obama did not try to convince his fellow citizens, that everything was fine. He clearly described the crisis and said that we need to face it and be strong. However there were no specific details about new measures to be taken. Investors didn’t like it and yesterday Dow Jones went down significantly.

American people trust new president and he became an icon for them. However, the time has come to start acting. Upcoming months will show if Obama is able to do at least a part of what he is expected to do.

Tags: obama, Stock Market