Posted on 04/11/2008 12:20:52 PM PDT by rocksblues
The automotive industry is cyclical. Seems to be kind of slow now. Unless GM goes out of business, which seems unlikely for one of the top two automobile companies, it will cycle back. GM is looking ahead, no two ways about that.
Does Mr. Heppleman know what a recession is?
Think about this for a second:
GE did not warn earlier in the quarter. At all.
Then they come out on scheduled earnings day and say “Whoopsie! Look at what we found in our business... uh... these financial thingies.”
Just as with I-banks, we’re seeing that senior management has no freakin’ clue what they have on the books. The repeated pattern of huge i-banks and companies in the US saying nothing prior to earnings season, then coming out on schedule earnings and saying “Whoops, er, there have been some problems...” is cratering confidence in the investor community.
So the price and volume movement on GE today is sane. The questions being asked, even on CNBC, was “Can investors trust GE’s management now?”
Never listen to management. Nothing counts but the financial reports.
Well, Wall Street still listens to some people in management. All smart investors should. You can’t trust management and you can’t trust the SEC-required financial reports completely either.
And reading nothing but the financial reports would have kept you in Enron for far too long. What got the smart people out of Enron at the right time was listening to how Skilling cussed out an analyst who asked an inconvenient question.
The Mainstream Media is doing it’s best to create a recession...just so a Democrat will be president.
They don’t care about the people who are losing their jobs, paying high prices...they just want everyone to stop spending and growth so they can bash the Republicans and win an election.
That’s darn near treason.
Maybe somebody can explain to me how a candidate that is guaranteed 99% of the black vote which comprise 12% of our population with all of the info out there about his anti-white feeling can be a viable candidate in America with a 60% white voting base?
“The Mainstream Media is doing it’s best to create a recession...just so a Democrat will be president.”
I think that may be exactly what’s been happening.
Maybe Immelt GE CEO (appropriate last name for GE at this particular time) can access help from one of his former jobs:
FOXNEWS O'REILLY 2,979,000
FNC HANNITY/COLMES 2,280,000
FNC GRETA 1,896,000
CNN KING 1,640,000
FNC HUME 1,530,000
CNN COOPER 1,417,000
FNC SHEP 1,392,000
CNN DOBBS 1,057,000
MSNBC OLBERMANN 1,001,000
CNNHN GRACE 605,000
MSNBC HARDBALL 507,000
could also be that they been talking down the economy since Bush took office, and you reap what you sow
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