Happy Anti-St. Patricks day. No green in my portfolio.
SIRIUS XM SATELLITE RADIO FORUM
Happy Anti-St. Patricks day. No green in my portfolio.
lets face it Rel...they never listen to us! 15 million shares traded now and back to .35Originally Posted by relmor2003
Not asinine at all. The GM deal was a bad business deal, just like most of the deals that XM did. Howard Stern was the best deal Sirius ever made. They had 300K subs to XM's 3 mil when he was signed. Sirius was going nowhere fast until that deal. MX then made a sucsession of bad deals trying to recover momentum (Oprah is the biggest, letting O&A go on TerrRad, etc.)
Doob this Recession started in Dec. 2007. Please look it up. Dont have time to
argue it.
Obama did not cause the economic crisis. No one thinks he did. And, BTW, Bush didn't cause it either. The seeds for this recession were sewn long before, during the late 90s and continued into Bush years. First Problem: repeal of Glass-Steagal, the very law enacted after the Depression to protect the country from the boom-bust that occurred back then by the banks. Second Problem: gov't encouraging Freddie and Fannie to back loans for people with horrible credit just so they could get into homes. Bad policy with unintended consequence of toxic mortgage assets. Then these were packaged and traded by merchant banks and insured by AIG, all of which would have been prohibited by Glass-Steagal Act. BTW...Clinton signed Graham Leach Bliley Act which repealed Glass-Steagal, and it overwhelmingly cleared the Congress...both parties at fault!!
Obama decision to spend is the right approach...BUT NOT on healthcare reform, and other social programs which add nothing to GDP. Where's the 'shovel ready' public works project which would put people back to work immediately?
The auto industry: they make cars that the market tells them to make. They get caught from time to time when market shifts rapidly. They can't react to it fast enough. For those of you who are old enough to remember, this has happened before: during the 70s they got caught by oil crisis and stuck with V8 gas guzzlers. Chrysler was on verge of bankruptcy and needed gov't help then....enter Lee Iacocca, the k-car, minivan, and chrysler emerged. It's the biz cycle. Huge manufacturing companies have trouble reacting to quick market change. That's the problem. Even the great Japanese automakers are having problems. It's not just Detroit.
Once again - I'm extremely glad my luck held true with my reentry on the 15% block at .32..... I think that was a good call on my part so far....
Since that is my "fun" block of shares - I've got it set in my strategy to sell at .52 still. Looking at the overall trend - that seems to be a good bet.
Still holding all my core shares at .13 - Hoping the blue dog has some bite today and moves the battle line a bit closer to .39....... standing by to react as needed....
Good luck all - hope some of you took advantage of the ISEG gift.....
(manipulating bastards)
Brandon so are you backing off your charge of Obama's responsibility for the present unemployment rate? You seem to be.The fact is that we have known for quite awhile (before Obama was elected) that unemployment was possibly headed to double digits.
Please stop putting all the blame for this messed up situation on the Obama/Biden administration. Its just plain nonsense. Its as if the world started on Jan. 20 2009.
If you think that ALL Obama is doing to tackle this recession is give you $13 a month
then you are indeed one sided.
I thought Obama WAS encouraging the downsizing the American auto industry with this
policy prescription. What am I missing. He is holding their feet to the fire and saying you got to get smaller to survive and earn any govt help.
[QUOTE=lloyd Handwerker;25290]
Almost EVERY economist Republican and Democrat will tell you that when
the country is in a DEEP Recession the GOV'T has to spend money to get us
out of it. [QUOTE]
lol
i think you mean public spending......tax cuts = more money to spend for the public.......governement spending is only a bandaid.....
http://republicanleader.house.gov/ne...umentID=108243
Smart play. I would have listened and gone in a bit deeper - but I literallly have no powder to play with - went deeper across my portfolio last week and now I'm just watching - and keeping my fingers crossed...... I like F right now - may see if I can set up to enter a few more shares of Ford before they get a bounce from GM's woes....
