General Mortors Poised to Plunge
A recent article viewable on yahoofinance.com by going to (F) ford's ticker symbol shows some interesting concern about a "Change of Economic Conditions" with General Motors since April/May.
With General Motors only recently reporting a 40% increase in sales in China and basically a single to double digit decline nearly everywhere else...Double digit decline in America even with the Cash for Clunkers program...
It is not absolutely clear to me that concern over (F) Ford's competitor becoming some giganticly viable company in the near future because the U.S. Government is in control of General Motors is absolutely unfounded.
1) Medicare = Bankrupt
2) Social Security = Bankrupt
3) Medicaid = Bankrupt (State government run)
4) Fannie Mae = Bankrupted
5) Freddie Mack = Bankrupted
And yet somehow we are lead to believe my underperformers and shorters of (F) Ford stock that Ford is in *Trouble* of getting run over by a better performing General Motors?
When has the Government ever ran anything to success????
When has the U.S. Government ever done anything domestically to success??? When???
The United States Government has a ZERO % success ratio in running private company's businesses. They are only successful at conducting WARs and then that is questionable given recent failures in Vietnam and "Black Hawk Down."
Be afraid of buying shares of (F) FORD because the United States Government has a majority stake in General Motors?? ARE YOU KIDDING??? hahahaha haha lol!! ROFLMAO!!!!
That is just ridiculous.... I know what kind of Press Release will emerge sometime in 2010:
"FORD for the first time in DECADES has surpassed General Motors in Vehicle Sale Market Share in the United States."
And when that happens... do you honestly think we are still bobbing up and down like a pogo stick between $6.87 and $7.78?