The bailout is dead. At least for now, and now is all that GM and Chrysler had.
Even so, tomorrow is going to be a really rough day in the market. GM and Chrysler are weeks from Ch 11 and months from liquidation, while Ford may be able to drag on a bit long enough for a sliver of hope. I predict that Dow could be down 700+ pts within the next week. Could be a good buying opportunity in some sectors but the worst is still out in front.
2008-12-11
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1 comment:
Smart to sell Ford. I thought the bailout passed yesterday. I'm shocked it didn't pass
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