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Strategies & Market Trends : Rande Is . . . HOME

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To: bradfenton who wrote (57257)	11/21/2005 10:27:55 PM
From: Rande Is	Read Replies (1) of 57584

Hi Brad. Sorry for delay. Been busy. I think the lids are definitely loose. Today's move burst through the trading range, giving meaning to past few week's moves northward. If GM had not cut 30,000 jobs, I would say we had clear sailing through the end of the year. But this throws a big wrench into the works, making things far more turbulent than normal. We are going to need to see how GM's move affects the markets. A sudden high profile move as this throws up many red flags. Economists are surely scratching their heads. "The plan will cut the number of vehicles GM is able to build in North America by about 1 million a year by the end of 2008. GM will be able to build about 4.2 million vehicles a year in North America, down 30 percent from 2002." Frankly, I think this GM move was expected, and is merely part of a larger plot to move a significant amount of manufacturing to China. They are making a Buick Skylark there that looks identical to those made here. This is an important development that needs to be closely monitored. How does it affect the economy overall, or more importantly. . . how does it affect consumer confidence coming into the buying season? Ripple effect likely. More later. Rande Is

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