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News Focus
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dexprs

04/20/09 12:19 PM

#48383 RE: n4807g #48381

Unemployment is higher than the national average here in FL due to the fact that it is based on two major industries: Homebuilding and tourism. Needless to say we know they are down. The national employment figures will be dropping a lot when GM and the suppliers go under next. We could be seeing unemployment in the 12-15% area.
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shtsqsh

04/20/09 1:10 PM

#48391 RE: n4807g #48381

It'll be seismic for sure! Personally I hope the administration will hold off any material decisions until after the 28th. I bought a position in BGM and they go ex-div on that date.
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FullBoogie

04/21/09 11:59 AM

#48417 RE: n4807g #48381

n, im not saying it wont be bad, i believe it will, but isnt the government going to lend a hand to those companies affected by the bankruptsy through TARP of some sort? I cannot remember which day perhaps last week, or the week behind that inwhich GM was brought up, i think it was when gm's plans were not enough for the government and it seemed like GM will have to file bankruptsy,, the market from what i remembered rallied i thought that was strange. Iam from the camp that thinks this will be very bad, but i cannot ignore the way the market keeps shrugging off, or is absorbing the thought of a GM bankruptsy, i dont know what to make of it, i think atleast through this week, the market wants to go higher. You would think with all that is known, there would be an air of doom in the market, but there is not. go figure.