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honestly if i had the money id buy GM because i think it will go up soon, atleast IMO.Originally Posted by XI ShinE XI
Do you guys think GM will jump back up after a bailout is announced? Are they even going to be bailed out? Obama wasn't very clear with that yesterday.
[color= rgb(255, 0, 0)]No, GM will not jump back up after the bailout. immediately. It'snot just driven by the US market, its influenced by the foreign market as well. Take a look at the Wall Street Bailout. They're going to be asking for moremoney shortly. Consumers buying automobiles are looking at gas/work. Gas is going to jump back up pretty soon as well with the Holiday season coming up, butObama believes in bailing them out ASAP. They are cutting jobs/hours/benefits so it is going to be pretty hard for them to make a drastic improvement the waythe credit market is frozen right now. It's going to take PLENTY of time for these automobile manufacturers to get back on their feet. I would not buy GMat least until the 1st quarter of next year.It's tough times right now, VERY tough.Originally Posted by Mateen Cleaves
honestly if i had the money id buy GM because i think it will go up soon, atleast IMO.Originally Posted by XI ShinE XI
Do you guys think GM will jump back up after a bailout is announced? Are they even going to be bailed out? Obama wasn't very clear with that yesterday.