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Strategies & Market Trends : Galapagos Islands
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To: JustTradeEm who wrote (42524)6/20/2003 8:08:27 AM
From: Oral Roberts  Read Replies (1) of 57110
 
GM is 19 billion under funded in their pension plan so they are going to borrow an additional 10 billion to try and plug those leaks and this is seen as bullish and the stock is up in pre-market.

The bond market is convinced we get at least a 1/4 point and perhaps a 1/2 point next week and so the fed is admitting that the economy is stuck and going nowhere fast and there is no recovery visible.

We aren't climbing a wall of worry but are leaping over piles of bull shit and we are going to land face first in one of those soon I'm afraid.

Of course none of this matters and in the mean time buy all dips.
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