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View Andre Peschong's Comments
Earnings Season: The Car Is Shiny, But Look Under the Hood
That is the most concise and on point answer to what really drives the market. If we talk loud and assertively enough maybe people won't pay attention to what the facts are. Brilliant!
On Nov 04 09:02 AM ain't no fortunate son wrote:
> If you lowball your estimates enough, even a dead man can beat expectations.
> Do you think it was some kind of coincidence that CNBC anchors have
> started screaming about all the "they beat expectations!!!!!!" at
> 7:30 every morning for the past 3 weeks?
> Its called a pump and dump.
> They turned this whole thing into a media event just like they did
> in Q2 in another pathetic attempt to do what no one has been able
> to do yet - convince the crushed, broken, dying American middle class
> that all is well, so pull out what's left of your credit cards folks
> and let's hit the malls... we're counting on you to get this lie
> we call an "economy" back on its feet.
> Fool me once, shame on you... fool me twice, shame on me.
Nov 9 12:44 AM
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When Will GM Hit Zero?
No one seems to get it. The age of the unions is over and in this new economic paradigm it is about efficiency and pragmatism. The UAW had its place when the workers were treated unfairly but their time has certainly past. Other non-union factories seem to operate just fine. Because the unions were literally one of the biggest Obama contributors it seems highly unlikely the new administration will walk away from GM and the unfunded union healthcare benefits and it is also extremely unlikely that they will allow GM into a bankruptcy restructuring scenario. The new plan should be to break the union grip and allow the American auto industry to compete effectively…
Feb 16 07:28 PM
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