Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Zeev you're myopic- US Economy is a mess

See my earlier posts regarding the bellweathers: GM, AIG, FNM, F, C, GOOG, AMZN, CFC, BZH, MSTR, MTC, MTH, FAF, AACE, FNF, RIMM, FRE, RYL, EBAY.... These are ALL living on borrorwed time IMTO.

Let's simply look at the GM situation... no profit on the car business, debt trades as junk, spinoff hype, sub-prime debt unit GMAC is the "jewel", abuse of UAW employees, $5-10K 'rebates' don't move vehicles, Q1 loss not $850m not profit, massive negative swing in FCF, ARE YOU IN DENIAL???