Elliott Wave Live: You Didn't Build That I Did!

Tuesday, July 24, 2012

You Didn't Build That I Did!

Mixing Politics With The Market

Follow my political views and tweets @thepoliticalfool

Rarely will you see me combine the market and politics but I found the chart of GM a fitting display of Washington's failed bailout policy... not to mention the jaw-boning over how successful GM has become.The chart speaks for itself. I wonder when the government will cash out it's remaining 26% stake.

Unless the share price climbs above an unlikely $53 a share before the sale date, the Treasury’s dream of making a profit on the bailout is not going to be realized. At $53 a share, the federal government breaks even on the $50 billion it “loaned” GM, but at the current share price of approximately $19 (well below the $33 IPO price of last November).

So Mr. President, please stop taking credit for success when your record of loaning taxpayer money is quite frankly, pitiful at best!

Best of Trading

2 comments:

mariazoneJuly 25, 2012 at 2:23 AM
If yes it will be helpful for everyone.
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AnonymousAugust 1, 2012 at 12:47 PM
hello

i have never thinking about al these kind of stuff but i really appriciate to all the reader of this blog because they all have great mind to think about this major topic in financial field thanks to share thier expirances with us.

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Tuesday, July 24, 2012

You Didn't Build That I Did!

Mixing Politics With The Market

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