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09-04-2012, 04:48 PM   #1
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Four years ago !



Oct 10, 2008 :

Feb 17, 2012 :



Last edited by jogiba; 09-04-2012 at 04:57 PM.
09-04-2012, 05:29 PM   #2
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4 of the top 5 Dow Jones Largest daily point losses was in Sep-Dec 2008 !

#1 −777.68 Sep 29 2008
#2 −733.08 Oct 15 2008
#3−684.81 Sep 17 2001
#4−679.95 Dec 1 2008
#5 −678.91 Oct 9 2008

aapl stock price Dec 26 2008 $85.81
aapl stock price Sep 4 2012 $674.97

Last edited by jogiba; 09-04-2012 at 05:37 PM.
09-05-2012, 03:50 AM   #3
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But Jogiba - as welcome as this evidence is, don't you know we are worse off now than we should be - when compared to the Republican ideal economy of today - and therefore should fire our current president for coming up short of a made up ideal.
09-06-2012, 06:31 AM   #4
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As Paul Harvey use to say, And Now The Rest of the Story.

jogiba only problem with that is most of GM's sales were to the US Government.

QuoteQuote:
General Motors recorded its best monthly sales numbers since September 2008 last month, largely due to government intervention.
While The New York Daily News reports that General Motors’ sales are up 16 percent from this time last year, the National Legal and Policy Center pointed out that government purchases of GM automobiles rose 79 percent in June. The Detroit Free Press reports that retail sales of GM vehicles rose less than eight percent, while sales to fleet customers rose 36 percent.
The auto industry will be a campaign issue in the run up to November, and President Barack Obama spoke in Ohio on Friday, touting the success of a local automaker: “What happened in Toledo can happen in cities like Cleveland, it can happen in Pittsburgh, it can happen in other industries,” Obama said. “That’s why I’m running for another term as president — because I want to make sure that it does.”
Making sure the government stays involved in the operations of GM could remain a priority in this election year.
As Daily Finance pointed out earlier this year, the government still owns a 32 percent stake in GM, and cashing out now would cost the Department of the Treasury billions of dollars.
If Obama wants to raise government purchase of my product I'd be super happy. They buy a lot now. A 79% increase would make me a very happy camper. Right now I am just a happy camper. And no, they are not my biggest client. China is.
QuoteQuote:
The surprise at GM is how much its U.S. share has fallen in so short of a time, especially since the carmaker recaptured the crown as the world’s best-selling auto company last year.
GM ended 2011 with 19.6 percent of the American car market. Analysts surveyed by Bloomberg expected it to hang on to at least 19 percent this year, even with stiff competition from a stronger Chrysler, resurgent Japanese automakers, and a push from Hyundai and Volkswagen.
Instead, GM’s market share fell by 2.1 percentage points in the first three months of 2012, to a level the company hasn’t seen since 1922, even though its sales for the year are up slightly.
Back in the early 1920s, GM was the second-best selling company in the American market behind Ford, which it eventually passed during the Great Depression to take the lead as the country’s, and eventually the world’s largest carmaker.
GM’s 2012 share is even more striking considering that 10 years ago, GM was aiming to return to 30 percent of the American market.
It’s also something of a surprise, given that GM got the chance during its federally sponsored bankruptcy to shed debt, rid itself of under performing brands, and concentrate just on the vehicles it thought could sell best. Indeed, GM has introduced new small cars, including the Chevrolet Cruze and Sonic, and is pushing to make Buick more contemporary with cars like the Verano, just going on sale.
However, GM also is competing in a market where every company is trying to make at effort at a rebound, or to hang onto their market share gains
Something of a surprise? Not really.


Last edited by JohnInIndy; 09-06-2012 at 06:38 AM.
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