Todays highlights
Payrolls as expected
ECB raise as expected
Market was expecting a hawkish statement post raise. They did not get it. This has lead to a selloff in the euro.
We are down 130 points (1.576) as I write this. We are through the daily trendline that has held us in...
The problem with the big 3 is oil. They make money from their gas guzzlers so when they do not sell, they are in trouble.
I personally do not see oil coming off yet so i think gm/chry and ford are in serious trouble.
If you think oil is coming off to below 90, gm is a great buy here.
My point exactly, where were they at 90 or even at 30. Brokers and banks are johnny come lately to the party.
They have no clue, do the opposite and become rich.
Was it not GS who called for a buy on banks a few months ago and just admitted their mistake and now has a sell.
Was it not GS who watched GM go from 90 to 12 and then puts a sell. Give me a break while GS is better, they are all pretty much the same.
The fed will come in a be a...
The 3 bloated companies that sell the same kind of cars and trucks need be trimmed to 1 strong car company that can compete.
Tough times need tough changes.