Deweyp

Five Things That Could Resuscitate the Markets

Sorry to disagree with YOU. First of all, Gm and the other American Auto makers HAVE been reducing costs and the UAW has agreed to reduce wages and improve work rules. Second, You may not have noticed but Gm outsold every other auto maker in the latest numbers out. How does that translate to "cars no one wants to buy"? Get your facts straight, then remove your Anti American Auto bias before trying to jam your negativity down others throats.


On Mar 06 03:12 AM H2KOLOB wrote:

> Sorry to disagree, but:
>
> GM: A full bailout of GM will leave it the same uncompetitive, bloated
> company it is with union contracts and legacy costs it can't afford,
> and cars no one wants to buy. letting them go bankrupt and restructure
> would be much more positive to the sentiment in the investor community.
> finally, the argument that Bankruptcy is not an option because no
> one would buy their cars is nonsense. is there a car buyer in America
> today that doesn't already see them as bankrupt. an actual bankrupcy,
> with a government financed restructuring that allows GM to become
> competitive would give car buyers much more confidence that the company
> will still be around over the three year life of their car's warranty.
>
>
> BANKS: Until all of the shoes have dropped, commercial RE, Credit
> cards, continued falling housing prices, corporate loans... we will
> not have any clarity on who if anyone will survive.
>
> STIMULOUS PLAN: the inept excuses for stimulous plans we are seeing
> is clearly causing the market to go down, not up.
>
> GOOD NEWS: the fact that the few retail buyers left in Amerca are
> shopping at Amazon to avoid sales taxes does not give me confidence,
> while the majority of brick and mortar retailers are dropping all
> around us.
>
> MARKET BOTTOM: yes some analysts are now saying we have hit bottom.
> about the same number who have said this each month for the past
> 18 months.
>
> I'll go ahead and sty in cash for now.
>