Comments on: GM Wants Cash https://phantasmix.com/gm-wants-cash/ Stock Market and Personal Finance Sat, 04 Oct 2008 21:46:56 +0000 hourly 1 https://wordpress.org/?v=6.8.1 By: Phantasmix https://phantasmix.com/gm-wants-cash/comment-page-1/#comment-2322 Sat, 04 Oct 2008 21:46:56 +0000 http://www.phantasmix.com/?p=847#comment-2322 R.,
in short, I think in the next 2 years, the markets will be much much much lower than they are now. Like 60-80% off. I’m much more gloomy than you 🙂 I don’t want to post the “why” here because that statement alone sounds crazy enough. I can email you if you’d like to know the reasoning behind my opinion.

]]> By: R https://phantasmix.com/gm-wants-cash/comment-page-1/#comment-2317 Sat, 04 Oct 2008 16:34:39 +0000 http://www.phantasmix.com/?p=847#comment-2317 I don’t think that i’m pretty gloomy, because till 2010 we will stand in heavy bear market, it’s my conclusion wich based on all information that i have. So, i suppose that only staying in options, futures and commodities markets will good for us, that period and crisis. I think, 2009 will much worse year for the most part of subprime-crowd, economically speaking.
It will peak of the financial and real-estate crisis, but it will great opportunity also for smart people with big money. No doubt, we must to use this time for the long-term stock picking!

What do You think, Phantasmix?

]]> By: Phantasmix https://phantasmix.com/gm-wants-cash/comment-page-1/#comment-2275 Thu, 02 Oct 2008 13:11:49 +0000 http://www.phantasmix.com/?p=847#comment-2275 Wow, you’re pretty doom and gloomy. Are these your own conclusions or are you reading someone’s forecasts? Are we in for a recession or a depression? (I’m leaning towards depression for several reasons.)

]]> By: R. https://phantasmix.com/gm-wants-cash/comment-page-1/#comment-2272 Thu, 02 Oct 2008 09:53:40 +0000 http://www.phantasmix.com/?p=847#comment-2272 This is just a start of *things*.

]]> By: Phantasmix https://phantasmix.com/gm-wants-cash/comment-page-1/#comment-2262 Wed, 01 Oct 2008 22:01:34 +0000 http://www.phantasmix.com/?p=847#comment-2262 What’s even more worrying Porsche sales fell 25% in the U.S.A. When the rich people are feeling it (or at least being cautious) you know things aren’t great.

]]> By: R. https://phantasmix.com/gm-wants-cash/comment-page-1/#comment-2261 Wed, 01 Oct 2008 18:36:04 +0000 http://www.phantasmix.com/?p=847#comment-2261 BTW: “Sales at General Motors and Ford Motor Co. fell sharply in September as tighter credit for buyers and dealers during the month combined with stubbornly high fuel prices to sharply curtail demand for cars and trucks.”

]]> By: Phantasmix https://phantasmix.com/gm-wants-cash/comment-page-1/#comment-2259 Wed, 01 Oct 2008 18:26:16 +0000 http://www.phantasmix.com/?p=847#comment-2259 Small cars are becoming popular. In the last 3-5 years or so there’s been a gradual transition.

People overpay thousands of dollars for Prius.

Have you seen these? http://www.phoenixmotorcars.com/

And Canada makes ZENN cars, but they’re only legal in a few states in the US 🙂 Illegal here in most of Canada, because it doesn’t go fast enough for the highways.

]]> By: R. https://phantasmix.com/gm-wants-cash/comment-page-1/#comment-2255 Wed, 01 Oct 2008 16:34:26 +0000 http://www.phantasmix.com/?p=847#comment-2255 So weird to see such a little model in North America, but each of *them* knows about gasoline prices, the lower consumption and possible recession.

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