What Exactly Did Obama Say To Wall Street"s CEOs Last Thursday?

Correlation is not causation; but coincidence means you’re on the right path. Looking at the charts of Stocks, Commodities, and Precious Metals, we wonder just what it was that President Obama said at his 11am ET White House meeting last Thursday…

Equity markets soared out of the gate on the 11th. Jobless claims beat expectations handily (shaking off the previous week’s concerns) and all was well in the world… until just after 11am ET (when the CEOs of Wall Street’s big banks – for no apparent reason – met with President Obama)… and this happened…

 

Gold also peaked at just after 11am ET…

 

as did Crude oil…

 

So what did Obama tell them?

 

Charts: Bloomberg

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What Exactly Did Obama Say To Wall Street"s CEOs Last Thursday?

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Are CEOs worth 380 times what the average worker makes?

There’s a pretty amazing viral video on the loose showing how wealth is distributed in this country. More than 3.5 million people have watched “Wealth Inequality in America” on YouTube so far. And one of the most striking statistics from the video is this: The average CEO makes 380 times what the average worker makes.

Are top executives worth that much? Leave a comment and tell us what you think.

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Are CEOs worth 380 times what the average worker makes?