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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (383248)	3/30/2009 8:46:50 PM
From: Siddhartha Gautama	Respond to of 436258

Will a bigger dip tempt you ? :) How'bout selling to help make it dip more? :)

To: MythMan who wrote (383248)	3/30/2009 8:52:15 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 436258

This guy usually provides a pretty good daily synopsis. Four at Four: GM’s Pessimism Is Too Optimistic Posted by David Gaffen –The mandate for General Motors was a simple one – reduce debt by 2/3 or you’re sunk. (No one is saying that’s an easy task, and it is, in fact, a very difficult one, but it does have a certain simplicity.) Over the weekend, President Obama’s threat to withhold more bailout money unless a deal is struck took many by surprise, including those advising GM’s bondholders, who issued a relatively brief statement that, among other things, expressed their disappointment that “the government and company have had virtually no real dialogue with bondholders while designing the proposed restructuring plan.” –The action Monday illustrates why this remains a difficult environment for investing, unless one has a very long time horizon or unlimited funds. Stocks dropped sharply on what some could interpret as a strong move because of the Obama Administration’s attempt at finding a resolution for a long-standing problem. –The move to get tough with the auto makers was enough of an impetus for equity types to sell shares, and that predictably turned into a slump in the oil market, as commodities continue to trade as more or less an appendage of the stock market, rising when the demand outlook improves, falling when it does not. –Oh, yeah. Earnings. Pre-reporting season is fast approaching, and the markets will soon shift to the outlook for quarterly reports, which are again expected to disappoint investors. According to Thomson Reuters, the estimated growth rate for first-quarter earnings stands at minus 35.6%, and if earnings do fall on a year-over-year basis, it will be the first time for seven consecutive quarters of negative growth since 1998.