Looksmart Limited (LKST)

[andy20020]

smugs .. re LOOK OK even if the US economy sucks.

I guess it's a matter of degrees ... if the Fed can keep the US indices in a narrow trading range ... say a 1000 point drop on the Dow ... LOOK will probably float to the top given good FA.

But did you see today GM are seeking Bond financing of $13B to cover 401 obligations.

Shares of Dow component General Electric Co. (GE) , which on Friday affirmed its second-quarter and full-year earnings forecasts, were up 33 cents, or 1.1 percent, to $30.19 and were among the most actively traded on the New York Stock Exchange. General Motors Corp. (GM) , also a Dow member, was up 99 cents, or 2.6 percent, to $39.06 after it announced a $13 billion plan to offer debt and convertible securities to help shore up its underfunded pension plan and meet healthcare obligations.

GE's forecasts are also proping up the market today ... yet ... read this ... http://news.bbc.co.uk/1/hi/business/2838395.stm

They have taken shareholders returns to meet their 401 obligations AS THE MARKET IS DOING POORLY! Their real PE is way higher.

It's smoke and mirrors.

It's a tightrope that is stretched very very tight ... and gold just keeps going up ... ever wondered why?

I'm not so sure the US can keep the Dow above 8000 ... one real "event" ... whatever that would be, would be enough to set in the panick. IMO.

And as a stockbroker once said to me "all ships go out with the tide"

Regards