A new beginning

Reading Time: < 1 minute For some of the auto dealers in this country. I know this title is a bit misleading, but it’s no worse than those “attention getting” balloons flying outside of car dealerships πŸ™‚

Today change of Dow Jones Industrial

Reading Time: < 1 minute GM was replaced by Cisco; Citi replaced by Travellers. Source: WSJ. (you may need to get the full article via Google). Interesing part (for me), quote WSJ: Why choose a tech company, Cisco, to replace an automaker? We did not need another consumer goods company after adding Kraft Foods when we removed AIG. In looking… Continue reading Today change of Dow Jones Industrial

GM, Jay Leno

Reading Time: < 1 minute GM is going to file bankrupcy. This was not expected 6 months ago. But it’s a reality now. Many people blame the UAW, the management for the problems at GM, which I think only tells part of the story. GM was doing fine after Sept 11, remember the 0% “Keep America rolling” Ad campaign? (Paula… Continue reading GM, Jay Leno

GM is NOT too big to fail?

Reading Time: < 1 minute (update) CNNMoney appears to agree with me. When did I sound like MSM (main stream media)? Obviously, that’s how the US goverment thinks. When bailing out the AIG, they were saying AIG is a systematic important institution, and they just could not let it fail. And here is the bailout (handout details).

Should we bailout the big 3 car makers?

Reading Time: 2 minutes Obviously the big 3 auto makers came back to news with the Congressional hearing today. This big 3 Washington show started before the Thanksgiving with the “corporate jet gate”, in which the reporters and some congressmen questioned the 3 CEOs taking corporate jets to ask for money: it like one begs for money while wearing… Continue reading Should we bailout the big 3 car makers?

Bottom fishing time?

Reading Time: 2 minutes Yesterday was another brutal day in the Wall Street, or the Bay Street (Toronto), or SSE (Shanghai Securities Exchange). According to the number, the Dow is now officially in bear territory. General Motor (NYSE:GM), a Dow component and an American icon, hit 53 years low. It closed at $11.43. So, should we go bottom fishing?… Continue reading Bottom fishing time?