Obama's first speech to the joint session of Congress failed to ease the market's concerns about the recession and the outlook of the banking sector. The problem with the speech was that it was just too short on detail. As CFO.com reports, it was just too vague on important issues like how the banks are going to start lending again and what's needed to make them do it. And there are still questions over whether banks will be nationalized. The other question is how is he going to spend all that money and reduce the budget deficit. Sounds impossible.

Newsweek has even pulled out the fact checkers to show that Obama got certain things wrong. From mortgage aid to oil imports. Oh yeah, and the US did not invent the automobile (credit should go to Karl Benz, of Mercedes-Benz fame, who invented the first gasoline-powered automobile in 1885).

There are two important questions still to be answered: where exactly is the US Government not planning to spend money, and where exactly is that money going to be spent. We deserve to know.

But maybe the lack of detail tells us the administration is still trying to work out what to do.

Still, there are many who thought he was brilliant. Mary Kate Cary at US News reckons that as a result of that breath-taking brilliance, the stock market will start rising. Don't hold your breath.