Comments on: Wall Street downgrades Detroit automakers

By: Gundy

Gundy — Tue, 23 Dec 2008 22:47:02 +0000

(wow, I don’t sound too bitter do I?…)..

By: Gundy

Gundy — Tue, 23 Dec 2008 18:37:17 +0000

“Wall Street” sucks. They, in general, are as crooked as it gets. Talk about manipulation to make profits, that’s what they literally do for a living! Downgrade stocks so they crash, then buy them up. Then, 10 years later, which is the trend, make them crash again and buy them up again. They’re nothing but sanctioned, legal corporate raiders. Bring back the Vikings, at least they had cool boats… (no idea what that meant)

By: Bubs Solo

Bubs Solo — Tue, 23 Dec 2008 16:16:26 +0000

oldraven you are once again dead on… there is you tube footage of CNBC’s Mad Money Ahole Kramer explaining how he used this tactic with RIM a few years back.

By: yarddog82abn

yarddog82abn — Tue, 23 Dec 2008 16:03:06 +0000

I down grade Wall st.

By: uruyorker

uruyorker — Tue, 23 Dec 2008 15:41:26 +0000

LOL(ironically) Who rates Wall Street crap before the subprime crisis? Isn’t the subprime crisis that drive ALL economy towrads a black hole?
S&P, Lehmann & Bros, Fannie & Freddie, Credit Suisse, Merryll lynch

By: oldraven

oldraven — Tue, 23 Dec 2008 15:41:20 +0000

Damn I despise Wall Street analysts.

Step 1. Short GM stocks.

Step 2. Claim they’re going to go bankrupt.

Step 3. Profit!

By: Borat

Borat — Tue, 23 Dec 2008 15:31:21 +0000

I think US government will be in place backed up by Chinese ownership of US national debt. And the only way to repay it will be to sell (give away) Alaska and maybe California. There was a silly tune in 80s’ “I think I am turning Japanese” – make it Chinese. They owe our ass! Oh, yes, the car companies – in 4 years they will be gone at a cost of 350 billions. This is almost scientific number: the pundit testified to Congressional committee that it will take 150-175 bn to “fix” auto industry. Congress does not “fix” anything at face value: there is a lot of pork to go around. I may be even a bit optimistic at 350 bn. With our elected officials it can quadruple. And who said that pundit was estimating correctly?

By: DB9

DB9 — Tue, 23 Dec 2008 15:17:51 +0000

This is News?/! I love timely research notes. This one reminds me of the Johnny come lately notes on WCOM, NT… etc., 8 years ago during the tech wreck:-))) Shareholder equity destroyed – really!/? Ya Think? The only stakeholders now are the US government and secured debt holders.

What’s more interesting, especially to us motor heads, is who will be left globally when the dust settles. There is going to be a massive consolidation in the industry over the next couple of years. I would not hold any security from any company in this sector. Approximately 95% of new auto transactions involve some form of financing. Considering how important the US Market is for most mainline/premium global brands what does this foretell? As bad as it is now the second shoe has yet to drop! Next up is the over leveraged consumer – How many Trillions in debt? Should you be afraid? Honda (HMC) and Toyota (TM) are…what do you think is driving the Yen?

So, the question becomes who is going to remain standing – Not just GM, Ford (F)…

DB9

By: RaineMan

RaineMan — Tue, 23 Dec 2008 15:07:41 +0000

Can the citizens of the United States downgrade Wall Street?