Originally posted by Ygrene
My 401K has been a'tumbling. :( Sucks.
That's ok. When you're old I'll just build a room above the garage and you can live there! Ol' Senile Willy is what we'll call you.
gehzumteufel
quote:
Originally posted by XaNaX
Yes I agree, their long term problem is that in a rather short period of time the type of vehicle desired by the world's largest auto market shifted rapidly from large trucks and SUVs to smaller, fuel efficient cars. Ford and GM both have challenges ahead of them in retooling their product lines to what the customer wants today.
The issues impacting them right now and the reason their stocks are taking a beating is their inability to raise short term capital due to frozen credit markets as well as their inability to sell cars and trucks because customers can't get loans for them (also because of frozen credit markets). Fix the credit markets and the short term problems go away so they can start working on the long term ones.
How would you like to be an auto dealer right now sitting on a stale inventory of a couple hundred cars they can't sell with floorplan loans coming due and no access to credit to extend those loans. Things are bad all over in the automotive industry.
While I agree that the credit crunch hasn't helped them, if they had much better sales, products, etc., they never would have been in this dilemma.
I do concede though, that in the short term we need to loosen up the credit markets.
Trancealot
quote:
Originally posted by Trancealot
edit this thread title.
"DOW below 9,000 for the first time in 5 years"
"DOW below 8,000 for the first time in 5 years" LINK
The overall deficit clock in manhattan is too small meaning it is going up and up and are stock market is going down and down. Sounds fishy :nervous:
on a lighter note my gf told me this joke last nite:
A priest and a rabbi are walking down the street and they both see a young boy. The priest says to the rabbi I want to screw him. The rabbi says out of what? Cor worthy??:wtf:
gehzumteufel
You spelled Rabbi wrong.
Frenchie
Don't be such a in' Jew.
gehzumteufel
quote:
Originally posted by Frenchie
Don't be such a in' Jew.
LOL :p
elFreak
welp...my south korean investments are starting to me hard.
woot!
Trancealot
quote:
Originally posted by gehzumteufel
You spelled Rabbi wrong.
misspelling. Now it is cor worthy :p
PS I am jewish but not real deal so I ate because I was hungry.Did anyone fast on yum kippur? This kosher pizza place was closed near my work place that day so I knew it was def a holiday for the real deal ones.
gehzumteufel
quote:
Originally posted by Trancealot
misspelling. Now it is cor worthy :p
PS I am jewish but not real deal so I ate because I was hungry.Did anyone fast on yum kippur? This kosher pizza place was closed near my work place that day so I knew it was def a holiday for the real deal ones.
lol yeah I am not in any way religious. I observe the holidays I am forced to that relate to religion and that is all.
Trancealot
quote:
Originally posted by gehzumteufel
lol yeah I am not in any way religious. I observe the holidays I am forced to that relate to religion and that is all.
no more fun stuff back to business. That is the Market going down.
Now what do we do about it? Its up to TA chill out room to solve the problem. Forget the president and his 700 billion $ bill's.
America is :( COr needs to make it :toothless again. Bush made it :mad:<--reminds me of madlibs
