Markets and Economy
CAR CORPORATIONS COULD FAIL
More and more economists see the huge pension and health care costs being bourne by Ford and GM as a disaster. Many are flat predicting that both companies may fail as early as this year and many big funds are shorting both companies. Health care costs could be a HUGE election issue. Markets seem to be shrugging off bad news right now but the cheap dollar is a VERY serious problem. Watch your numbers. My bet is that the dollar will turn, Europeans will jump into the market, and it will rally 500 points in two days. I never make buy recommendations but right now I'm a buyer of deep out of the money S&P call options. Look to triple your money, but be sure you play with risk cap, money you can easily afford to lose.
No comments:
Post a Comment