Archive for July, 2008
Waking bear
The markets are officially in bear territory. The S&P is down 20.5% since October of last year. With the rise in oil prices and inflation, it appears that every industry is hurting these days. And more people are getting laid off.
Starbucks is closing 600 stores, and letting go of 12,000 employees.
Northwest Airlines is going to [...]
Posted: July 9th, 2008 under Stock Market / Economy.
Comments: none
Vehicle Sales
08 June car sales compared to 07 June sales: Toyota: -21%, Chrysler: -36%, GM: -19%, Ford: -29%, Honda: +1.1% (Civic, Fit,) Hyundai: +1%
GM and Ford stock has fallen to lows that haven’t been seen in decades. Maybe it’s a good time to buy… or not.
GM’s market value is currently at $6.47 Billion dollars. Tata [...]
Posted: July 9th, 2008 under Stock Market / Economy.
Comments: 3