How the hell can the President allow the states that got him into office face massive unemployment and bankruptcy. Bankrupt those people that flocked to NY, CA, AZ, FL for the boom that got us into this mess.
I can't believe that this is occuring. What made America great was not the banking community, that is only a reflection of the economic might of the US. Well, the hope now is that what happens to G.M. will not happen to the U.S.
Still, assets in the auto manufacturing industry will become undervalued in this market, so be on the lookout for companies with strong balance sheets woefully undervalued.
I am looking, and waiting like a vulture, for Johnson Control and Magna International to get in the single digits. Steel companies are going to sell off but the key to remember about this sector will be the construction boom in infrastructure.
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