What Perma-Bulls Never Tell You
"Here Lies a Once Thriving Company" -- so say a long row of corporate tombstones.
By Bob Stokes
4/28/2010 1:30:00 PM
"No one ever tells you that in the history of this world, far more stocks have eventually gone to zero than have survived to the current day," wrote Elliott Wave International's president Robert Prechter once. Well-known examples in very recent history alone prove this.
Filed Under: General Motors (GM), Citigroup, Robert Prechter, conquer the crash
Category: Stocks
By Nico Isaac
6/1/2009 4:00:00 PM
Contrary to popular belief (in fundamental analysis), there's no such thing as "bad" news or "good" news. There's only news. And in turn the media's constant after-the-fact interpretations of that news as good or bad, depending on the movement of the stock market.
Filed Under: General Motors (GM), Dow Jones Industrial Average (DJIA), Dow Jones Industrial Average (DJIA), General Motors (GM)
Category: Stocks
By Nico Isaac
5/27/2009 3:30:00 PM
At exactly 11:59 pm (E.S.T.) on May 26, 2009 General Motors' bondholders rejected an offer to drop an estimated $27 billion in debt claims in exchange for a 10% stake in the company's stock. So, as the clock struck midnight, GM shares turned back into a slumpkin.
As this icon of American manufacturing fails to stave off Chapter 11, many observers are asking: How did GM go from long-time leader and star – to – exemplar of failed business practices and faulty management?
Filed Under: General Motors (GM), General Motors (GM)
Category: U.S. Economy
By Peter Kendall
6/27/2008 5:00:00 PM
It's only after GM loses 70% of its market value that it's finally voted downgraded. Why does the market lag so far behind such results? Elliott Wave International has some ideas.
Filed Under: General Motors (GM), Goldman Sachs
Category: U.S. Economy