Dow plunges again - Page 3 - Mercedes-Benz Forum

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post #21 of 25 (permalink) Old 07-07-2008, 09:08 PM
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So, who is going to come off the bottom? I am looking for a nice little stock to see what happens.

Right now one of the things that interests me is GM. Why? It was 40 prior to the October slam. It is around 10 today. Ouch!.

They are looking at doing restructuring again. Wall Street likes that. Lay off a bunch of people, close plants, screw up towns...Stock pops.

Their main liability is their long term pension issue which is slowly self eliminating. But that is FIXED and a purely known entity.

Thoughts?

McBear,
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post #22 of 25 (permalink) Old 07-07-2008, 09:13 PM
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I'll still wait till Q4 on Brazil.

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post #23 of 25 (permalink) Old 07-07-2008, 09:48 PM
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I'll still wait till Q4 on Brazil.
Don't wait too long. Once it turns it tends to kick fast. Look at FLTAX or EWZ in their FIVE YEAR to get a bead on how it flips after it's downs.

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post #24 of 25 (permalink) Old 07-08-2008, 07:45 AM Thread Starter
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I'm looking at this one:

http://money.cnn.com/quote/quote.html?symb=ACN&time=6mo

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #25 of 25 (permalink) Old 07-08-2008, 07:47 AM Thread Starter
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Here's the sweetest stock I ever owned, I reccommended it on this site about a year and a half ago:

http://money.cnn.com/quote/quote.html?symb=FLS&time=3yr

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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