The Markets and Economy
The depression is like a bad virus that wont leave your body. Evuntually you know your going to get well but you keep wondering how much longer will it take. The depression like a bad virus infection is proably going to last awhile. The banks, automobile companies,major newspapers,insurance companies and other pillars of our economy are now bankrupt. Expecting the economy to suddenly spring back to life is like asking a heart attack patient to run a marathon. This thing is going to be with us a while so lets get used to it.
THE DETROIT TIMES LED THE MEDIA IN DEMANDING THAT GM CHAIRMEN BUTCH WAGNER RESIGN. Now that its happended Wagoner and Gm feel he is entitled to $20 million in walking away money. Who is going to pay this walking away money? The only funds Gm has is the monthly welfare check it receives from the government. Since Wagoner ran the company into the ground and lied about it to investors he is basically lucky to walk away without going to jail. Actually someone would have been better off investing with Madoff than Wagner. Madoff investors are going to get as much as $500,000 back while Gm's stock holders will get a worthless piece of paper called a stock certificate as a remberance.
THE DETROIT TIMES TRADING RECOMMENDATIONS. You should be compleatly out of all our recomendations. Cat rallyed and you have should sold it and took profits.
Our new recommedations are:Buy General Dynamics (GD) tommorrow. It looks like gold is going to take a hit. So sell Newmont Mining(NEM)tommorrow. This a very risky trade. When gold looks very bearish that is when gold has rallied the most. So if u do short Newmont be very careful. Also short OSI-pharmacticual (osip) tommorrow only if the stock is higher than what it closed at today.
THE DETROIT TIMES LED THE MEDIA IN DEMANDING THAT GM CHAIRMEN BUTCH WAGNER RESIGN. Now that its happended Wagoner and Gm feel he is entitled to $20 million in walking away money. Who is going to pay this walking away money? The only funds Gm has is the monthly welfare check it receives from the government. Since Wagoner ran the company into the ground and lied about it to investors he is basically lucky to walk away without going to jail. Actually someone would have been better off investing with Madoff than Wagner. Madoff investors are going to get as much as $500,000 back while Gm's stock holders will get a worthless piece of paper called a stock certificate as a remberance.
THE DETROIT TIMES TRADING RECOMMENDATIONS. You should be compleatly out of all our recomendations. Cat rallyed and you have should sold it and took profits.
Our new recommedations are:Buy General Dynamics (GD) tommorrow. It looks like gold is going to take a hit. So sell Newmont Mining(NEM)tommorrow. This a very risky trade. When gold looks very bearish that is when gold has rallied the most. So if u do short Newmont be very careful. Also short OSI-pharmacticual (osip) tommorrow only if the stock is higher than what it closed at today.
posted by thedetroittimes at 10:59 AM
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