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DOW Triple Bottom?
- Thread starter masher44
- Start date
Sea-Dated
Charter Member
I hope not. Maybe I am just an optimist.
I am just thankful I am not 3 years from retirement and I will have plenty of time to recover from all of this.
Also, Matt is spelled with 2 T's....
Sean H
Charter Member
Daimler sold Chrysler to Cererbus last year, they jumped off that sinking ship.
Very true. Nonetheless, tech is suffering alongside others. Jabil just had a major round of layoffs, Yahoo is about to go bankrupt, Serius/XM on the verge of collapse, etc., etc. No expert here either, but It's not looking good. You're right though, that if there's any industry that can hang on right now, it is high tech.
Just read some analysts predictions, they're saying that if the big-3 get hit, we'll see an immediate 4% decrease to our GDP, and unemployment will rocket to over 8-1/2%.
Sea-Dated
Charter Member
I missed that one.
In that case, Chrysler might be doomed. With the exception of the Minivan's, Jeep and the Dodge trucks, the rest of their line is done.
File, dump everything but Jeep and Dodge and they might be OK.
masher44
E Dock
I agree it doesnt look good. thank God it is only 4%. If it were really the "Big 3" we wouldnt have a market to watch any longer. We really would be screwed.
The Big 3 arent so big anymore either. I think Wall St. want to see something, anything. Filing will at least allow business to be done along with a restructure. Then move on from there. My glass is half full despite being throw on the ground and stepped on
DollaBill
New member
lol
I agree it doesnt look good. thank God it is only 4%. If it were really the "Big 3" we wouldnt have a market to watch any longer. We really would be screwed.
The Big 3 arent so big anymore either. I think Wall St. want to see something, anything. Filing will at least allow business to be done along with a restructure. Then move on from there. My glass is half full despite being throw on the ground and stepped on
I admire a man who can take a beating and not spill his drink.
This all made me curious, so I looked up vehicle sales figures and market share, here it is:
GM 19.9%
Toyota 18.1%
Ford 15.3%
Chrysler 11.3%
Honda 10.2%
Nissan 6.8%
VW 3.4%
Hyundai 2.5%
BMW 2.4%
Mazda 2.0%
The "big-3" have 46% of the market share. That's an awful lot of cars and trucks out there.
masher44
E Dock
I admire a man who can take a beating and not spill his drink.
This all made me curious, so I looked up vehicle sales figures and market share, here it is:
GM 19.9%
Toyota 18.1%
Ford 15.3%
Chrysler 11.3%
Honda 10.2%
Nissan 6.8%
VW 3.4%
Hyundai 2.5%
BMW 2.4%
Mazda 2.0%
The "big-3" have 46% of the market share. That's an awful lot of cars and trucks out there.
yes but its not like we have the "buy american" stigma going these days. In the 80s, the Big 3 going down would have been devastation. Now it really is no big deal. When Iacocca rescued them it was a big deal. Now we will just go buy Tundras.
Do your stats break down GM by division? I cant imagine Buick being real popular.
fund razor
Founding Member
Yeah... I will need those stats to find a vehicle from Nissan, Toyota or Honda that will tow 10,000 pounds. Thanks.
fund razor
Founding Member
Unemployment is already 9% in michigan.
Sean H
Charter Member
Tundra, 10,300
Certainly not in the "buy American" sense, but tt's a huge deal. Nearly 1/2 the cars on the road are from these 3...who's going to fill that void if something were to happen? Warranty, service,...It's not like the others can just ramp up overnight doubling, even tripling production. There will be a massive void there.
Offshoredrillin
New member
I would agree here, and then in the industry, they start offereing deals on vehicles sitting and credit loosens up a bit, more new vehicles get bought. there are alot of older cars on the road now that insurance industry is trying to get off the road. filing and liquidating stock might just be the best move for all 3 of them.
Ya, and look at how's that's working out...don't need that on a national level.
fund razor
Founding Member
phragle
Charter Member
one of the big 3 wont make it, not sure who.. chrysler actually had it going on for a while but then got lazy again. I will restate my point on the big 3, the economy isnt the problem, unions arent the problem, workers arent the problem. leadership is. supply and demand, make something people want to buy, price it so they can afford it, and buisness will thrive. hell, look at KIA, there cheap pos's yet they are selling. if the chinese entered the us automarket right now with a cute cheap car that got good mileage...........
LaughingCat
New member
The way I see it, Obama isn't even president yet. He's telling Bush to get a deal for the automakers. Bush admin is complete lame-duck. Outgoing Congress is totally lame and punts the ball to January.
I would say Obama's chances of successful 4 years is going up. If we hit rock bottom before he takes office, even a modest improvement will reflect well.
I'd be furious if I was a Republican that everything fell to tatters because of the Great Neo-Con Experiement. I'll rejoin the Republican party when it finds itself.
For now, watching Mutt Romney make the disasterous comments about letting the auto industry fail reaffirms he lack of grasp on true economic issues. You can't let them file bankruptcy or simply give them money. Congress needs to intervene, break the union deals, assume a good portion of the debt and lean out the companies. Of course, congress will only do this if they have a stake in the recovery.
This is not socialism, my friends. We can stop slinging that word around. Socialist governments take over PROFITABLE business. We are doing the opposite of socialism. This is called survivalism.
On final thought, maybe the oil companies should buy the automakers. But that would be as pointless as Microsoft buying the computer makers. They have no need.
Market is being overly pressed by speculative short sellers due to the naked short sale rule being relaxed. If we can get the SEC to reaffirm that short sales must be covered with offsetting stock being borrowed, we would see an amazing buying frenzy. but the lobby for speculators is just a little too good right now.
I would say Obama's chances of successful 4 years is going up. If we hit rock bottom before he takes office, even a modest improvement will reflect well.
I'd be furious if I was a Republican that everything fell to tatters because of the Great Neo-Con Experiement. I'll rejoin the Republican party when it finds itself.
For now, watching Mutt Romney make the disasterous comments about letting the auto industry fail reaffirms he lack of grasp on true economic issues. You can't let them file bankruptcy or simply give them money. Congress needs to intervene, break the union deals, assume a good portion of the debt and lean out the companies. Of course, congress will only do this if they have a stake in the recovery.
This is not socialism, my friends. We can stop slinging that word around. Socialist governments take over PROFITABLE business. We are doing the opposite of socialism. This is called survivalism.
On final thought, maybe the oil companies should buy the automakers. But that would be as pointless as Microsoft buying the computer makers. They have no need.
Market is being overly pressed by speculative short sellers due to the naked short sale rule being relaxed. If we can get the SEC to reaffirm that short sales must be covered with offsetting stock being borrowed, we would see an amazing buying frenzy. but the lobby for speculators is just a little too good right now.
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