Friday, July 30th, 2010

Now that GM is bankrupt, what will happen with your auto warranty? My 1999 Ford Explorer has been a true friend to me. With 150,000 miles on it, it has very little go wrong with it and I’m definitely not one of those people is getting all of that routine maintenance done like the manual that I never read says to do. I’m not very nice to my car but it has hung in there.

Isn’t in interesting how things work in the world? How’s that for an overly broad, general statement. Keeping that in mind, let’s take a look at Chrysler and see why it definitely applies here.

The Dow was down almost 4% today and 8.8% for in the last 5 trading sessions. Even more alarming, it’s less than one point away from breaking through the November low. The November low is the lowest that the stock market has been in 7 years. We are again at an alarming place in the economy. Why are we back where we were?