[Rob Hood]

http://www.autoextremist.com/current/2008/7/8/rants-453.html

Was listening to some newsradio today - many analysts are painting a bleak picture. Heard that Hummer and Saab were going to be let go, maybe more. I've already seen where Chevy is not sponsoring several NASCAR races next year.

Rick Wagoner is supposed to deliver an announcement tomorrow morning at 0830 EST. Should be worth listening to.

This post has been edited by Rob Hood: Jul 15 2008, 05:59 AM

[slowTA]

Can't afford a new GM... screw that I'm looking for a house! After reading all this I just want to live at home and bank my money in fear of getting sick.

This is one of the few times this board has made me depressed.

[nape]

Can't afford a new GM... screw that I'm looking for a house! After reading all this I just want to live at home and bank my money in fear of getting sick.

This is one of the few times this board has made me depressed.

That sounds like a plan. I think I'll join you. Live at home until I'm 30 and keep the money in the mattress... (IMG:http://www.frrax.com/rrforum/style_emoticons/default/laugh.gif)

[Rob Hood]

Can't afford a new GM... screw that I'm looking for a house! After reading all this I just want to live at home and bank my money in fear of getting sick.

This is one of the few times this board has made me depressed.

That sounds like a plan. I think I'll join you. Live at home until I'm 30 and keep the money in the mattress... (IMG:http://www.frrax.com/rrforum/style_emoticons/default/laugh.gif)

Nah....now is the time to buy (buy low, sell high). Get a good financial investor/planner though - the market is fixing to go on an E-ticket ride... The two words my guy said to me was "buy silver"....and it's starting to creep up now.

[nape]

Nah....now is the time to buy (buy low, sell high). Get a good financial investor/planner though - the market is fixing to go on an E-ticket ride... The two words my guy said to me was "buy silver"....and it's starting to creep up now.

The BLSH mantra is contingent on being able to do the "sell high" portion. Any of the houses I can afford to buy low, I don't know if they'll ever sell high. We'll see what another 5+ months of a bad economy brings though...

I've been half ass watching GM stock. They're either going to fall into oblivion or make a crapload of cash. Now, is the glass half full or half empty? (IMG:http://www.frrax.com/rrforum/style_emoticons/default/unsure.gif)

[Rob Hood]

Nah....now is the time to buy (buy low, sell high). Get a good financial investor/planner though - the market is fixing to go on an E-ticket ride... The two words my guy said to me was "buy silver"....and it's starting to creep up now.

I've been half ass watching GM stock. They're either going to fall into oblivion or make a crapload of cash. Now, is the glass half full or half empty? (IMG:http://www.frrax.com/rrforum/style_emoticons/default/unsure.gif)

Well, that's the risk to take. Have also heard they may require government assistance if things don't turn around soon. This reminds me of Chrysler in the early 80's (K-car anyone?)...They turned around and made a decent profit after a few years, but there were several crutches placed then that I doubt would happen today (but who knows). A free-market perspective would let them fall on their sword. A government bailout would (probably IMO) be the right thing for a speculative investor. More than likely the bailout would occur, as you could not not bailout GM after bailing out Chrysler, politically speaking. Michigan (and Detroit in particular) has much worse unemployment than the rest of the country. I'm just curious who would carry that debt, since the dollar is so weak right now.