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View Full Version : GM reported biggest Q loss ever

tomf-1
11-07-2007, 09:10 AM
$39 Billion dollar loss reflecting unclaimed tax credit and GMAC related. It is SCARY how these companies are coming out the billions in losses as if it's nickles and dimes.....It's almost appears comically as a race to see who can show the biggest quarterly losses.....
gday
11-07-2007, 09:31 AM
I have a suggestion. Can we make Thursdays a good news day? ;)

-mick
Craftsman
11-07-2007, 09:43 AM
It's tragic comedy. Mr. CEO you lost billions for the company, you are fired, here's your $100 million severance check now get lost!
tomf-1
11-07-2007, 09:44 AM
Mick, you got it......

We will discuss flights to quality toward US treasuries/Gov bonds, record low US dollar for those export-sensitive sectors and the increase in non-farm productivity (hourly output per worker). :)
Shawn
11-07-2007, 09:59 AM
wow $39 Billion.:eek:

I guess when the real estate market is bad, the next thing to get affected are cars? Are other car companies doing badly too?
gday
11-07-2007, 10:05 AM
We will discuss flights to quality toward US treasuries/Gov bonds, record low US dollar for those export-sensitive sectors and the increase in non-farm productivity (hourly output per worker). :)I can hardly wait.... :cool:

-mick
Craftsman
11-07-2007, 11:20 AM
Mick, you got it......

We will discuss flights to quality toward US treasuries/Gov bonds, record low US dollar for those export-sensitive sectors and the increase in non-farm productivity (hourly output per worker). :)

Cool, there's always a market somewhere, looking forward to your thoughts.:)
tomf-1
11-07-2007, 07:06 PM
I have a suggestion. Can we make Thursdays a good news day? ;)

-mick

on a more serious note, i know it's depressing....keep in mind, the adverse impact of this credit crunch reverberates across all segments/sectors of all economies. ours is no exception (more so).

i've been dropping hints for the last few months on here and to a few....the financial disaster at ML and its severity were a known entity to multiple insiders over 3 months ago. no surprises from this corner.....

just want you all to be cautious and measured in your investment strategies. if you must, do things SMALL. you don't have to be in the mkt everyday. i told one of my traders today....."there is always market tomorrow.....take the day off and go car shopping"

this is collectively a VERY big derivative mkt w/ big swings (derivative as in inter-related).....it will do what it needs to do to get your attention....it reminds me of my childhood when one of my sibblings got in trouble, mom/dad couldn't care less which one did it. all of us kids got our asses kicked....just remember what you see might only be part of a much bigger picture.

hope everyone did what you had to do today w/o much pain.....
Shawn
11-07-2007, 07:12 PM
on a more serious note, i know it's depressing....keep in mind, the adverse impact of this credit crunch reverberates across all segments/sectors of all economies. ours is no exception (more so).

i've been dropping hints for the last few months on here and to a few....the financial disaster at ML and its severity were a known entity to multiple insiders over 3 months ago. no surprises from this corner.....

just want you all to be cautious and measured in your investment strategies. if you must, do things SMALL. you don't have to be in the mkt everyday. i told one of my traders today....."there is always market tomorrow.....take the day off and go car shopping"

this is collectively a VERY big derivative mkt w/ big swings (derivative as in inter-related).....it will do what it needs to do to get your attention....it reminds me of my childhood when one of my sibblings got in trouble, mom/dad couldn't care less which one did it. all of us kids got our asses kicked....just remember what you see might only be part of a much bigger picture.

hope everyone did what you had to do today w/o much pain.....

These changes in the economy just cost me my biggest client for my biz this morning and the impact of losing them alone is gonna hurt bad :(

The economy is piece of shit right now.
pdisme
11-07-2007, 07:25 PM
These changes in the economy just cost me my biggest client for my biz this morning and the impact of losing them alone is gonna hurt bad :(

The economy is piece of shit right now.

It's Tom's fault.
pdisme
11-08-2007, 10:37 AM
Mick, you got it......

We will discuss flights to quality toward US treasuries/Gov bonds, record low US dollar for those export-sensitive sectors and the increase in non-farm productivity (hourly output per worker). :)

Doesn't sound so hot yet today:

Fed chief tells Congress economy may slow significantly U think?! LOL
gday
11-08-2007, 10:54 AM
Doesn't sound so hot yet today:

U think?! LOL

HEY!!! :bash: This is GOOD NEWS Thursday..... I want to hear GOOD news. :)

-mick
pdisme
11-08-2007, 10:59 AM
HEY!!! :bash: This is GOOD NEWS Thursday..... I want to hear GOOD news. :)

-mick

I just saved a lot by switching to geico! :lol2:
tomf-1
11-08-2007, 01:16 PM
Decided to take one of my Diablos to work this morning.....Wasn't sure which one. Guess what.....They both STARTED!!!!!

I shall leave you w/ this pleasant thought for Thursday.
pdisme
11-08-2007, 01:23 PM
Decided to take one of my Diablos to work this morning.....Wasn't sure which one. Guess what.....They both STARTED!!!!!

I shall leave you w/ this pleasant thought for Thursday.

Choosing a Diablo over the 360 is always the start of a good day. :wave: