This quarter is going to be far worse than what "They" expect. Home prices have dropped far more than expect in over 18 cities and far more room to drop. OBAMA nation has left the Auto Industry to "Die" on its own when he made the impression that he would rescue.... No Confidence in the GOV, Tres. or FED. G20 Summit has yet to come up with anything other than Riots. The INDU will break lower, to 6000 even or even 5000 this quarter IMHO. Financials are not even close to cleaning up their books. The still have "Dream" like numbers on their Toxic Waste..... they have yet to clean out their "Closet". Banks are not working proper right now. List goes on and on and on Oh yea, Unemployment numbers are gona be through the roof. BIGGEST SUCKER RALLY since 29...
lol not gonna happen bear market is over We're climbing the wall of worry as bad news is priced in. GM is just a speck compared to the overall economy.