Obamamania couldnot trigger rise in stock market

On January 20th, Mr. Barack Obama took over as the 44th US president at Capitol Hill in Washington. Amid these recessionary times, or if we go by some economist terms, the depression time, the newly elected president come as a ray of hope for the Americans and for the World Economy.

But it seems that now the recession as loomed over the entire World Economy, that even the ray of hope is not able to pass it. This is what happened, during the Obama inaugural day. Most of the work market either remain flat or fall sharply. So it clearly shows that even Obamamania could not set even the short term positive sentiment in the global market, which can trigger the exchanges world wide.

Tough time ahead for Mr. Obama.

Thanks&Regards,
Mohit