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To: Liatris Spicata who wrote (13481)1/27/1998 9:46:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 18056
 
I believe that AMC had the Jeep which by then was barely a military vehicle, I do not think they were ever involved with tanks. Chrysler had the Abraham program at the time of the bailout, but in any event, I am not saying that the excuse given was right or wrong, at the time these were the excuses thrown around in congress (in both cases Congress had to intervene and authorize the loan guarantees). Under which President was the Lokheed rescue organized? At the time their failure, I believe was due to their involvement with L1011 and the failure of this programn to take off, endangering the rest of their military aircraft operations. They finally gave up on the aircraft building business altogether, just as Chrysler sold the Tanks Division to GD.

Zeev



To: Liatris Spicata who wrote (13481)1/27/1998 9:48:00 AM
From: Tony van Werkhooven  Read Replies (1) | Respond to of 18056
 
Larry, my recollection is somewhat different. Chrysler was in the tank business prior to the AMC acquisition. AMC manufactured mulitary vehicles- trucks, jeeps.



To: Liatris Spicata who wrote (13481)1/27/1998 12:48:00 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 18056
 
Zeev:

I have observed again and again that whenever the bears expect the market to break because of some obvious event, it never obliges -- either dipping just a bit or rallying like it is doing today. My conclusion -- when the bear begins for real, it will occur FOR NO APPARENT REASON.

If the reason is obvious, buy the dip. But when we start to descend rapidly for no apparent reason, get the hell out of the way.