Tuesday, May 12, 2009

GM execs dump stock

It was another down day for the dow on Wall Street. DJIA component GM shares fell to a 76 year low as execs dump stock. Get ready for falling stock prices as the false rally hits home. This is similar to the false rally of 1931. Do not get fooled into buying at an unwise price.

Do not believe the hype, our economic crisis is still here and median home prices fell nationwide this year. States complaining that sales tax revenue is down and income tax is falling. Sales are still falling, but unemployment is going up.

0 comments: