edbacka, "small 3 auto companies"?? Your kidding aren't you?
Haven't you heard of "irony"?
"A lazy 2 billion" ? Yer right! & the rest, i suggest you do more research on this subject. These companies are HUGE!
Do your own research. What can you buy a bankrupt company for? Probably $2Billion is overstating the case.
Up day on Monday - ASX , HIGHLY UNLIKELY!
Why? Give a reason. Why is it HIGHLY UNLIKELY? I thought my comment about up on Monday was self evident. Futures up 83 points. Dow up.
"The DOW and other markets including ours are and have been rallying because if they didn't then they would be at zero soon enough."
That comment is just too silly for words. You're saying we're going up because if we didn't we'd go to zero. Right - we're going up because if we didn't we'd go down. That's about as self evident as they come. But - the stock market to ZERO?
Simple : News ahead is worse than news gone by."
I stand by my sentiments in my posting. We'll see who is right.
Of course there is poor news to come out. So what? The news of Friday night was B A D. The American market rallied.
Stock markets precede economic news. A rise in the stock markets can be expected before the economy bottoms.
Cheers
Red
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