shotgunner
Full time employment: Posting here.
- Joined
- Jun 18, 2008
- Messages
- 534
I am watching Cramer this evening and he said the following. The Lehaman Bros. failure was a mistake by the government, the biggest they made thus far in the crisis. If Lehman had not failed the DOW would be at 10,000 now.
He went on to say that another possible Lehman disaster is in the wings, that is if the Gov't allows GM to fail. He believes the a GM failure (I am sure most of have heard the projections they will be kaput between Christmas and Feb) would send the DOW down to 6000. The resulting unemployment and loss of business by GM suppliers would be devastating.
He is putting the Great Depression II possibility back on the table.
So here are some questions, How likely do you think a GM failure is? If likely do you see it sending the DOW down another 2000 points. If so, are going to take any action relative to your investments?
I will add I think GM's failure is likely without governement aid. I am unsure if they will get said aid or enough of it to survive. I am beginning to believe all aid is a band-aid delaying the inevitable. I am starting to think that the Doom and Gloom pitch has some good points and I don't like thinking that way.
Is much worse coming, because if Cramer is right and GM fails we are not near the bottom right now?
He went on to say that another possible Lehman disaster is in the wings, that is if the Gov't allows GM to fail. He believes the a GM failure (I am sure most of have heard the projections they will be kaput between Christmas and Feb) would send the DOW down to 6000. The resulting unemployment and loss of business by GM suppliers would be devastating.
He is putting the Great Depression II possibility back on the table.
So here are some questions, How likely do you think a GM failure is? If likely do you see it sending the DOW down another 2000 points. If so, are going to take any action relative to your investments?
I will add I think GM's failure is likely without governement aid. I am unsure if they will get said aid or enough of it to survive. I am beginning to believe all aid is a band-aid delaying the inevitable. I am starting to think that the Doom and Gloom pitch has some good points and I don't like thinking that way.
Is much worse coming, because if Cramer is right and GM fails we are not near the bottom right now?