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  • How Long Until the Bulls Regroup? [View article]
    Wow! You should write more often if this is what is produced by waiting two weeks. A lot of useful information and opinion, but I thought I was reading a book.

    Two specific comments:

    1. I don't believe the bulls are yet in hiding. We keep having sharp rallies (that fail to follow through) almost weekly. Some bulls are still getting sucked into bear traps. When this pattern stops, either with a sustainable rally (the bulls regroup), or, IMO more likely, with fewer brief bear market rallies (the bulls are really in hiding), we have a condition that will allow a bottom to be defined.

    2. The most likely bankruptcy for GM is Chapter 11. In this case, liabilities are removed and GM reorganizes with its remaining assets. This process will almost certainly have some government involvement (good or bad?). How much the loss in employment in this process is open to debate, but it is certainly a lot less than the 2-3 million that would occur with a Chapter 7. Without government involvement, Chapter 7 (liquidation of GM) is quite likely.
    Nov 17 11:21 am |Rating: +1 0
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