BHO's first press conference dumps the markets!

I almost died laughing waiting for the BHO's first press conference on economics. While we were waiting for the press conference began, the DOW (simply a benchmark index for the largest economy members) was up to almost 250 pts right before he stepped up to the podium.

As soon as he began speaking, almost the very second he opened his mouth, the market began to dump big time. By the time be finished his prepared remarks and began taking questions, the DOW had dumped over 125pts!!!!

It was like watching a "here's what we think meter" as the new guy began his press conference. The markets truly didn't like his remarks and voted with your retirement money to shed almost 130pts before the he took the 2nd question about when he was going to talk with Iran.

Unbelievable. The pomp and circumstances of this guy's press conferences are going to be a circus. He did not answer the questions with any more specificity than he did during the campaign. He began to "him and haw" when he had to speak extemporaneously.

I was shocked, he simply has a problem speaking without a teleprompter. He does not look at the questioner in the eye, he keeps his eyes down while he is searching for an answer. What body language telling that he is so uncomfortable in answering unscripted questions.

WOW! Yea, the great communicator is born, sure!