Comments on: Wow, What A Day http://www.economyguy.com/wow-what-a-day/ Economic News For Everybody....by Tom Harvey and Cyrus Uible Fri, 09 Jan 2009 21:24:42 +0000 http://wordpress.org/?v=2.3.3 By: David http://www.economyguy.com/wow-what-a-day/#comment-366 David Fri, 27 Jun 2008 03:13:17 +0000 http://www.economyguy.com/wow-what-a-day/#comment-366 Is the sentiment completely changed? Will the stock market continue down for multiple months? I'd like to hear your thoughts on the next 12 months or so. My thought is that the market has a long ways to fall. Many company's earnings will fall during the current recession. One prediction I have is that GM stock is worth negative dollars. It is a health care/pension fund with a capital intensive manufacturing business attached. I think I read an estimate is that GM will lose something like 20 - 30 billion dollars over the next 12 months. It makes sense since few people will be buying high profit margin large vehicles (read low mpg). Is the sentiment completely changed? Will the stock market continue down for multiple months? I’d like to hear your thoughts on the next 12 months or so.

My thought is that the market has a long ways to fall. Many company’s earnings will fall during the current recession.

One prediction I have is that GM stock is worth negative dollars. It is a health care/pension fund with a capital intensive manufacturing business attached. I think I read an estimate is that GM will lose something like 20 - 30 billion dollars over the next 12 months. It makes sense since few people will be buying high profit margin large vehicles (read low mpg).

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