GM loses big-time
"D.Duck" wrote in message
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"hk" wrote in message
. ..
Eisboch wrote:
"Reginald P. Smithers III, Esq."
wrote in message . ..
I am trying to figure out why Harry is relishing the fact that any
company is having a downturn.
It has a negative impact on individuals who have stock in the company,
retirees who depend on dividends for part of their income,
it has a negative impact on the employees and the local and/or
national economy.
I guess Harry just enjoys seeing others hurt.
I sincerely don't think Harry wants anybody hurt.
He's in warm-up mode for November. Happens every four years.
Eisboch
Reggie is an idiot. I don't "relish" GM's bad news. It means more bad
news for its remaining workforce.
Thank god the Bush-GOP plan to "privatize" social security so individuals
could invest in the flim-flam game called the stock market
got nowhere.
Historically the "market" returns an annual average 10% return. Is that
flim-flam?
I don't think so either. I average 12%. Have 80% in cash right now looking
for a bottom. But should have put out more shorts.
It really comes down to this. If the democrats win, the market will have a
short term gain until the democrats will have to come clean on how they will
pay for promises. Then the market will continue losses until people figure
out credit-card-debt-print-money management does not work. Which is really
what this downturn is all about. Someone put a pin in the debt balloon.
And to make it worse, we have a credit card generation flat broke out there
that want those that saved to pay for it.
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