We will see another couple of months of delays in any tyoe of sustained rally now that Chrysler and GM are on the ice (the ice is much thinner for Chrysler than GM).
It will take at least 2 months to know if Chrysler have earned their extra $6billion for improved administration. I dont think it wil happen, as the US Govt has a white-knighting by FIAT in mind - but fiat want more company share than the Govt wil allow...so stale mate for Chrysler so far.
If they fail, what that means is that in 2 months we will have another round of rotten US company News.
RED tomorrow...All Ords down 2.5% is my guess.
Watch for shorting.
futures down 191 points, page-14
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