The Future of the Auto Industry
Who would have thought that one of the biggest and oldest American auto giants have gone bankrupt? To be honest, I didn’t expect that to happen so soon. I thought the US government would somehow bailout GM and prevent the company from filing chapter 11, but it didn’t happen. Even though the government keeps on [...]
Tagged as: american, automakers, bailout, bankrupt, chapter 11, chinese, chrysler, debt, Economy, ford, gm, government, japanese, oil, taxpayersUS in Recession: It is Now Official!
Sometimes, the early bird gets the worm. The “news” of US recession is almost a year old. Like everything else, by the time the news reaches the general public, it is already too late. Many people already knew that we are already in recession but others are too naive to believe it and face the [...]
Tagged as: automakers, bailout, bankrupt, bear market, debts, ford, gm, jobs, oil, recessionStock Picks
Bullish (buy price)
DRYS @ 14
Extremely low P/E ratio
Undervalued compared to other dry shippers
PCLN @ 54
People going to vacation during holidays
Strong revenues in past quarter
Excellent management team
GS @ 70
One of the longest standing investment banks that have strong forecasts
Very low P/E ratio
BBY @ 25
Holiday season approaching
Low P/E ratio
Circuit CIty gone bankrupt means less competition
Total Worldwide Market Collapse – Myth Or Reality?
WOW, it is unbelievable what I saw just now in the Asian stock markets…The HK Hang Seng Index sank 12.7%, closing at a multi-year low of 11,015. Also, the Nikkei went down 6.4% to 26-year low of 7162 points. Although this is a really depressing day for many people, I am starting to believe there [...]
Tagged as: asian markets, bailout, crisis, elections, government, hang seng, housing, interest rates, nikkei, oil, subprimeGold $1000/oz; Oil $110/barrel
With the US dollar falling, Gold rising above $1000, and oil going further $110, it tells a lot about the current state of the economy. A lot of the smart money have been moved into commodities. It seems the situation is not improving even when the Fed injected $200 billion US dollars into the credit market on Tuesday. IMO, the Fed Reserve [...]
Tagged as: commodities, credit, dollar, Economy, falling, gold, oil, rates