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Friday, November 14, 2008

What Could Have Prevented Kirk Kerkorian,Sumner Redstone and Other Big Investors From Losing There Shirt

THEY SHOULD HAVE READ THE DETROIT TIMES AND PAID ATTENTION TO THE ADVICE In March of 2008 The Detroit Times predicted there would be a rally. In early April the market was still trading side ways and a rally hadnt started yet. Towards the end of April the rally started and The Times said its a bear market ralley. Many anaylists where predicting a continuation of the bull market when the rally started. The Times also said in March or April that the way to make money in gold was by selling it. Check the archives and see for your self. Had the big investors heeded our advice they would have gotten out of the market and saved their fortunes.
THE GOVERNMENT AID PACKAGE FOR THE LITTLE 3(AUTOMAKERS) Giving money especially to Gm without a change in management is burning it. Its subsidizing bad management and wont help the company in the long run. The industry should be nationlized. The government needs to find 3 Lee Iccoca's to run it. The products the automakers are making today dont have pricing power. Make cars that people want and nobody else has and the world is your oyster.
THE BAILOUT PACKAGE IS A WASTE AND A DUD The credit markets are still frozen and a third of the money is gone. The government should forget about the banks and use the money to rebuild our manufacturing base. Just as we said from the very begining.
GEORGE BUSH WAS A BAD PRESIDENT MAYBE THE WORST EVER But it was the American people who voted for him. Yes he lost in 2000 but it was a close race. We will be feeling the fallout from Bush's presidency for a long time
THE STOCK MARKETS EXTREME VIOLITITY ISNT A GOOD SIGN It proably means the worst has yet to come
The WEATHER The sun is shing its a nice day and there is always tommorrow
GOOD DAY