Well, the market went up in the morning but couldn’t just take all the bad news. Circuit City is doing under financially. It is not known yet, if the company will make it out of bankruptcy. Most companies do not make it out. Then there is GM. They are asking for money. They are almost as good as bankrupt. Not quite, but almost. They’re saying that they do not have operating funds for the next year. Some one said, this is the best time to buy GM. Nope! Why would you spend your money when:
- It doesn’t go to GM, so doesn’t help them.
- The company is going bankrupt. If they come back the stock will be different. This stock will be worthless.
- The desperate need for help hasn’t been met with a definite help promise.
Then some investors fear the China deal for their financial package is not good enough and will let the Chinese economy crash as well as the rest of the ones that are crashing. Lot of red numbers!
Tomorrow, seems to be set to go up a little. However, someone said the job reports and other numbers come out tomorrow. If those aren’t nice, it might be Wednesday before we see a green day.
