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General Motors.. doing well.. or not?

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GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-17-05 09:22 AM
Original message
General Motors.. doing well.. or not?
"Blue chips rise as GM advances"
http://money.iwon.com/ht/nw/bus/20051017/hl_bus-mor740735.html?PG=home&SEC=news

"GM posts huge loss, sets UAW deal to cut health care costs"
http://money.iwon.com/ht/nw/bus/20051017/hl_bus-rob217556.html?PG=home&SEC=news

Guess it all depends on whether you are a member of the working or investing class.
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TheFarseer Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-17-05 09:32 AM
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1. Dead cat bounce?
I've been thinking that GM will declare bankruptcy and then re-open much higher on the news that they will no longer honor their pension program.
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GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-17-05 09:34 AM
Response to Reply #1
2. That would be just like a souless megacorporation to do that. *nodding*
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