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Yeah I would go bull on GM.
When the volt comes out their stock is gonna skyrocket.
It hit $84 on Wednesday or Thursday of last week.I bought AAPL (Apple) at 106 and some change last week, saw it dip down to around 95 at it's lowest and closed today at $110.26.
Yeah I would go bull on GM.
When the volt comes out their stock is gonna skyrocket.
Wow! Great comeback then.
FYI AAPL is one of the stocks that's rated a buy right now.
I think GM will be forced into Chapter 11, so obviously I'm not too bullish on their stock. Once they reorganize under bankruptcy protection, they could be a pretty good penny stock.
Shows you how shallow my understanding of what companies will be hurt in teh coming period is. I would imagine Apple will see dramatic sales of Ipods nad Iphones as well as their laptops and PCs.
Everyone has an Ipod now (me too but I didn't pay for mine - poker fringe benefits ftw) but those are the exact kind of things people will be buying less of now.
They may avoid that if they manage to merge with Chrysler.
If you read the entire thread you will see I never said "I told you so." In fact you'll see that I never commented in this thread at all. The over reaction is by the people that think this is the Great Depression all over again. That is not the case.
So it looks like the worldwide financial system has been saved. Thank , because if it wasn't we may have seen a new dark age, and really, who's ready for that?
Now for the recession. The rebound only tells part of the story. There's still a lot of bad debt to be ferreted out, and the sub-prime crisis has a long way to go (there are still a ton of mortgages out there yet to hit their jump point).
First of all, that report was fic ious. The two aren't merging. Second of all, if they did merge, it would make the Studebaker-Packard marriage look like a textbook example of success.
seems like every aussie citizen is getting a AUS$1000 stimulus check to stimulate the economy....hahahhaha mad , which works out to be around 600-700 american dollars with the current currency rates
but, but, but their CEO swears up and down that bankruptcy is "not an option"
I think you are entirely right about that.
What scares the bejeepers out of me is how many jobs that will probably cost.
Not to mention what that means for the larger economy of the US.
Ford australia is cutting 500 jobs here....i dont think many of the car manufactures here wont sustain viability, they got to get out of that v6-v8 family car mentality , and start producing more petrol economy cars....but, but, but their CEO swears up and down that bankruptcy is "not an option"
I think you are entirely right about that.
What scares the bejeepers out of me is how many jobs that will probably cost.
Not to mention what that means for the larger economy of the US.
God bless bad management and unions.but, but, but their CEO swears up and down that bankruptcy is "not an option"
I think you are entirely right about that.
What scares the bejeepers out of me is how many jobs that will probably cost.
Not to mention what that means for the larger economy of the US.
The economy is gonna doom all the auto makers short term. Five and six year notes without impeccable credit are a thing of the past. They will have to start producing some true "economy" cars if they want to maintain any viable sales numbers. It might be ugly and not have leather and an MP3 player and sat radio, go 0-60 in 4 seconds or all the other sales "hot" buttons, or even A/C but people are still gonna have to have a vehicle that can get them from point A to point B and they are gonna have to be able to pay for it in 3 years. Once all this government money finally soaks in to the economy and inflation kicks off it will even compound the problem...if you guys think that 20%+ interest rates aren't on the horizon when Obama and a super majority in congress gets elected you are seriously kidding yourself.
I don't think you'll see an abundance of 20% rates anymore than we already do. They simply won't lend. Ridiculous rates breed repos and foreclosures. People are far more likely to bail on 18-23% rates than 10-12%. The people who earn the second chance rates of 18+ just won't get done anymore and the 8-10% people will now be the 12-15%.
I think the auto industry will be like the airline industry for awhile. Nobody really makes any money, but those planes keep flying.
Whos the Southwest of the business though.
Well run and makes money.
Toyota?
I'm not talking about sub-prime rates, I'm talking about general interest rates. Bank rates were 21% when Reagan took office and brought the economy back with massive tax cuts. If Obama and a super majority in congress get elected we are gonna go the other way on tax increases in a recession and interest rates WILL go up massively.
Prime + Libor (+3.65) is the true effective interest rate now...it's just not the official rate.
Maybe Japanese airlines make money too. I don't know. I doubt any American auto companies will be making money for awhile unless gas goes back down to $2 and stays there so stupid consumers will start buying profitable big SUVs again.
no ! i can't tell you how many ing times i hear people say, "i remember when cds paid 15%" i say and tell me again what was inflation?
Well caca...Pepsico's already started passing out the pink slips. Only 300 at Big Snacks though. Out of 48,000 I kinda like my chances.
that gain from yesterday, is dropping already hahahahaha......
That;s because all those that bought yesterday want to make a killing
Guess where the market is headed today . . . ? = (
Straight down. already under 9000.
Because they released a ing REPORT that we might be heading into a recession? All those supposedly brilliant financial minds hadn't already figured that one out?
WTF?
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