Comments on: General Motors: A Forerunner for What’s to Come for the Broader Economy http://www.dailyreckoning.com.au/general-motors-a-forerunner-for-whats-to-come-for-the-broader-economy/2009/06/05/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Dan http://www.dailyreckoning.com.au/general-motors-a-forerunner-for-whats-to-come-for-the-broader-economy/2009/06/05/comment-page-1/#comment-83064 Dan Tue, 09 Jun 2009 13:22:39 +0000 http://www.dailyreckoning.com.au/?p=6218#comment-83064 Michael, people don't like having money lying around uninvested - it makes them nervous. The rally might be partly because people are just glad to have gotten back into it after staying out so long. Also, Obama is popular, and China is building roads and stuff (in China). But are the fundamental flaws of the economy anywhere closer to being fixed? Russia is on the verge of going for a metals based currency (Palladium, perhaps), and China is thinking of going Gold based. America's economy has proven to be based on a pack of lies, and it's still unwinding. Given all this, and more, would you be confident in a sustained rally? Is the ASX200 going to be at 5000 points by December? I think the rally is fine if you can make money off it, but as it was mentioned on DR some time back (I think), the market is likely to remain like a shark infested pool for some time to come. Michael, people don't like having money lying around uninvested - it makes them nervous. The rally might be partly because people are just glad to have gotten back into it after staying out so long. Also, Obama is popular, and China is building roads and stuff (in China).

But are the fundamental flaws of the economy anywhere closer to being fixed? Russia is on the verge of going for a metals based currency (Palladium, perhaps), and China is thinking of going Gold based. America's economy has proven to be based on a pack of lies, and it's still unwinding.

Given all this, and more, would you be confident in a sustained rally? Is the ASX200 going to be at 5000 points by December? I think the rally is fine if you can make money off it, but as it was mentioned on DR some time back (I think), the market is likely to remain like a shark infested pool for some time to come.

]]> By: Michael http://www.dailyreckoning.com.au/general-motors-a-forerunner-for-whats-to-come-for-the-broader-economy/2009/06/05/comment-page-1/#comment-83016 Michael Tue, 09 Jun 2009 01:00:55 +0000 http://www.dailyreckoning.com.au/?p=6218#comment-83016 did I say "bull market" bounce? You know what I mean ... did I say "bull market" bounce? You know what I mean ...

]]> By: Michael http://www.dailyreckoning.com.au/general-motors-a-forerunner-for-whats-to-come-for-the-broader-economy/2009/06/05/comment-page-1/#comment-83009 Michael Mon, 08 Jun 2009 23:00:37 +0000 http://www.dailyreckoning.com.au/?p=6218#comment-83009 Economic commentators, including some of the big names of the last few decades are calling the recession as largely defunct. There do seem to be 'green shoots' emerging, or is this simply selective reporting and framing of the economic data? Sentiment is certainly growingly optimistic. Have we seen the bottom in equity markets, seems so. This bounce, if it is a bull market bounce, seems very resilient. Economic commentators, including some of the big names of the last few decades are calling the recession as largely defunct. There do seem to be 'green shoots' emerging, or is this simply selective reporting and framing of the economic data?

Sentiment is certainly growingly optimistic. Have we seen the bottom in equity markets, seems so. This bounce, if it is a bull market bounce, seems very resilient.

]]> By: Smack MacDougal http://www.dailyreckoning.com.au/general-motors-a-forerunner-for-whats-to-come-for-the-broader-economy/2009/06/05/comment-page-1/#comment-82734 Smack MacDougal Fri, 05 Jun 2009 21:06:29 +0000 http://www.dailyreckoning.com.au/?p=6218#comment-82734 Bill Gross of PIMPco, the U.S. junk bond dealer, is a consummate insider. This guy shall say anything to keep cash flowing to PIMPco. Most of what he says publicly amounts to useless rhetoric. Bill Gross of PIMPco, the U.S. junk bond dealer, is a consummate insider.

This guy shall say anything to keep cash flowing to PIMPco.

Most of what he says publicly amounts to useless rhetoric.

]]> By: Dan http://www.dailyreckoning.com.au/general-motors-a-forerunner-for-whats-to-come-for-the-broader-economy/2009/06/05/comment-page-1/#comment-82686 Dan Fri, 05 Jun 2009 09:09:04 +0000 http://www.dailyreckoning.com.au/?p=6218#comment-82686 I read somewhere that companies like Fiat are going to buy up the useful left overs from the GM break-up. But I wonder who will buy up the left overs of the USA break up ... will it be that simple? I read somewhere that companies like Fiat are going to buy up the useful left overs from the GM break-up. But I wonder who will buy up the left overs of the USA break up ... will it be that simple?

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