we finally got a small rally yesterday, however even on an up day there was plenty of concerns for the bulls.
GE just keeps falling like a stone, the div was cut, and next will be the credit rating which if cut hurts the basic business plan of the company.
most of the large US bank stocks have not rallied and also face downgrades to their credit ratings.
the govt...still has not real solution other than buying billions of dollars of preferred and common equity in zombie banks,that are gone.
the car companies are another example, instead of a going bankrupt and re-orgainzing, their are clinging to life while taking billions in govt aid....at the end it will make no difference.
there are plenty of stocks that are really cheap and look like great buys,...they probably are long term....still going to wait until we have a few better days, and some of these problems are answered....never could time a market turn.
thanks
selkirk
GE just keeps falling like a stone, the div was cut, and next will be the credit rating which if cut hurts the basic business plan of the company.
most of the large US bank stocks have not rallied and also face downgrades to their credit ratings.
the govt...still has not real solution other than buying billions of dollars of preferred and common equity in zombie banks,that are gone.
the car companies are another example, instead of a going bankrupt and re-orgainzing, their are clinging to life while taking billions in govt aid....at the end it will make no difference.
there are plenty of stocks that are really cheap and look like great buys,...they probably are long term....still going to wait until we have a few better days, and some of these problems are answered....never could time a market turn.
thanks
selkirk
