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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,921
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Quote:
Originally Posted by Porsche-O-Phile
Probably to some extent but not as bad as you might think. I'm willing to bet a lot of that is already priced into the markets today. I figure a GM BK is seen as a virtual inevitability by most sophisticated market players and traders and while it would bomb the DOW for a few days, it probably wouldn't massacre it. There would be declines and there would be other declines in affiliated companies but a lot of it honestly has been seen as "coming" for a while. Only a very, very foolish business owner or investor would be so Polyannaish about GM as to think this was going to end "just fine" and take no action to prepare for a complete evaporation of that market segment.
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I agree, Jeff...the market is pretty skilled at anticipating.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
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