Thursday, October 09, 2008

Buy, JJ, buy!

GM falls to 1950 levels. To put the current price tag in perspective, the Dow Jones Industrial Average, of which GM is a component, closed 1951 at a mere 269 points. In fact, the last time GM traded at around $5.40 a share, a typical car sold for just over $3,000, gasoline cost 20 cents a gallon, a six-pack of Coke could be yours for 37 cents, and houses went for $16,000.

2 comments:

Tecumseh said...

Global auto market may "collapse" in 2009: Ahh, who needs a car, says JJ? Just jabber on the brain fryer, that will keep things afloat.

Tecumseh said...

By the way, where should one put one's meager savings in times like this? Here is a ranked list, in terms of soundness of banks:

1. Canada
2. Sweden
3. Luxembourg
4. Australia
5. Denmark
6. Netherlands
7. Belgium
8. New Zealand
9. Ireland
10. Malta
11. Hong Kong
12. Finland
13. Singapore
14. Norway
15. South Africa
16. Switzerland
17. Namibia
18. Chile
19. France
20. Spain
-----------
39. Germany
40. USA
-----------
124. Kazakhstan
125. Cambodia
126. Burundi
127. Chad
128. Ethiopia
129. Argentina
130. East Timor
131. Kyrgyz Republic
132. Lesotho
133. Libya
134. Algeria

JJ must prefer Iceland, or perhaps, Kazakhstan?