Well then if we get a 2% or better GDP revision I guess we had better ignore it. The US numbers recently have actually been OK to pretty good after the rough winter that hit much of the US. What's the "or worse" a death cross? Let me remind you once PUTIN finishes his games in the Ukraine the ten year will be back over 2.7%. Investors have been hiding in treasuries in the near-term meanwhile the Ukraine actually stood up to him today which I applaud either way. Yeah this recovery has been flattish but the FED is going nowhere so after this current correction ends stocks will start to creep higher again. As long as corporations buy back shares and increase dividends fewer jobs will be created but it will leave our economy near a 2-2.5% avg. economy leaving the FED in the game beyond 2015 and we all know you can't fight the FED. Who knows maybe China and Europe will actually pick up by then.
Well it's as obvious as the nose on my face I'd better sell everything on account of the death cross. This week somebody famous rose from his death cross maybe GM will too.
I'm glad someone agrees with me about Blodget. I am amazed at how these networks especially CNBC can pay and allow these criminals on constantly. I saw a video interview here on Yahoo after JPM and WFC earnings came out the other day with Chris Whalen who is possibly the best and most honest analyst anywhere (specializes on financials) and who is sitting next to him during the interview with that stupid smile but Henry Blodget. The two should not even be in the same room together.
Ralph Nader just on Fox Business...Cavuto asked him if GM will have to file for bankruptcy Nader replied "even if it gets hit with criminal fines double what Toyota paid $2.4 billion it's hardly a scratch what GM is afraid of is personal prosecution of officials and engineers in GM they are afraid of jail time". Please tell me your not lying to us are you about CH11? Personally I hope some of them do get jail time including the new CEO if it shows they are guilty of any crimes relating to the deaths.
O'Reilly will be on soon better get to it or maybe Lou Dobbs is your cup of tea you know the guy who used to defend the middle class and the American worker when he worked on CNN but suddenly found "religion" when Ruppert dropped better money in his lap. I watch Fox Business on occasions each night do they ever have a positive story on about anything? I guess there were plenty from 2000-2008. By the way I tip all the union and non-union guys who perform service in or outside my home very well and more than 20% at restaurants who hires the slave labor that you love. Any illegal nannies or gardeners around your home?
I dream almost each night but tomorrow I would guess we won't be dreaming that GM will be up over $2 off that best case short covering low a few days ago at some point on Wednesday. As for myself (not speaking for others) I would buy or lease a car if I liked the models from any manufacturer that is now under the microscope to make a much safer car especially when the company has now changed how they handle the way they are assembling their vehicles, most likely reviewing how they order parts and staying on top of recalls. Wake up calls like this almost always make a car manufacturer put more effort into how things are done. I doubt if I'm alone with that type of thinking as far as the buying public feels. I guess we will see about all the items you listed if they come to fruition. Like I said earlier the estimates may be so low that they may match or beat if they do you will see a substantial squeeze I believe. Once you see the next leg of the story in the media surface it will probably take a smaller hit but it may be over $35 by then. Let's not forget this is about trading and investing and I am angry at the way GM handled this over the past bunch of year and am extremely saddened by the loss of life and the affects on the families. As for myself I have owned Buicks and Oldsmobiles on and off during the years involved so it could have been me at some point although it was not the models I owned. Finally I would like to see Mary Bara gone since she was some kind of VP of Global Operations during the period of time in question.
It's still cheap (foward P/E 8.93) but the share price did go up the past few days and with the INTC and YAHOO afterhours moves it may break $34 tomorrow. A decent amount of stocks are a bit higher in the afterhours. Must be piggybacking the AH earnings. Of course the 9:30am open is a long ways off Putin can pull something overnight.
I short frequently too but you guys may have missed that under $32 chance to max out your gains. The media has put it on the back burner for now and that always plays a significant role on how a stock involved in controversy trades from day to day. The market is pricing in a poor report at this point imagine if GM beats on revenue and comes close to an adjusted EPS.