THIS REALLY SUCKS!!!! - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

bigralph · 10-09-2008, 03:28 PM

This really Sucks.

Look at today's stock market. GM stock close at $4.91 and Ford stock at $2.13.CNN is saying GM and Ford is in death watch

. This really sucks!! I WANT MY CAMARO.

http://money.cnn.com/2008/10/09/news...ion=2008100916

*The_Blur* · 10-09-2008, 03:31 PM

:(

flaguy · 10-09-2008, 03:32 PM

Quote:

Originally Posted by bigralph

This really Sucks.

Look at today's stock market. GM stock close at $4.91 and Ford stock at $2.13.CNN is saying GM and Ford is in death watch

. This really sucks!! I WANT MY CAMARO.

http://money.cnn.com/2008/10/09/news...ion=2008100916

Yeah I was just reading about that. GM lost -31% today. Damn.

Just shook my magic 8-ball....."Outlook not so good"

GameOver620 · 10-09-2008, 03:34 PM

i'm going to buy a bunch of gm and ford stock and hopefully they will jump when the new mustang and camaro come out

TonytheTiger · 10-09-2008, 03:34 PM

That cannot be good, not good at all

Moose · 10-09-2008, 03:36 PM

Personally, I believe GM will pull through.

Seeing the cars "in the pipeline", ie; Camaro, Volt, Cruze, etc., I think once the economy starts to rebound, we'll see GM's stock rise also.

rayhawk · 10-09-2008, 03:36 PM

People are panicking, but I think GM's position is strong, even Ford I think will be ok. Look at the rest of the market, you can see that nobody is alone in this thing. I think domestics will survive but I think a change in labor laws is necessary for them to thrive again.

flaguy · 10-09-2008, 03:37 PM

Quote:

Originally Posted by GameOver620

i'm going to buy a bunch of gm and ford stock and hopefully they will jump when the new mustang and camaro come out

Nah...If you're gonna buy stock in GM or Ford you'll be much better off reselling it a decade from now. GM and Ford are going to be hurting for YEARS

EDIT: Found a graph of GM stock over the last few years....GM was over$39/share 1 year ago.
http://moneycentral.msn.com/investor...l=GM&CP=0&PT=8

What is that? 90% decline in 1 year?

TonytheTiger · 10-09-2008, 03:48 PM

There is another reseaon why the camaro should have an affordabl;e price tag, not to us fan guys becuase we are wiling to pay more, but to the common buyers. I hope the camaro's sales help GM, i know Gm is strong but it won't help them if the camaro fails, which i doubt will, but you never know. Camaro can't fail this time

rolnslo · 10-09-2008, 03:53 PM

I was just looking at this too. Right after I did a little "managing" of my 401k...

I think GM will be fine long term but I'm concerned about how this will affect the roll-out of vehicles like the Camaro and the Volt. The initial ramp up and roll-out of the Camaro will be fine but I think GM is going to run into difficulty if this economic slide continues too long into 2009. This economy is going to hit dealerships first, as people will hang onto what they currently drive just a bit longer. Without the new sales, GM is going to have to slow production which will drive profits/revenue down and impact a larger supplier network. This issue isn't just contained to the US and is impacting world-wide sales.

For GM's (and Ford's) sake, I hope they survive this intact and are able to keep going long term.

flaguy · 10-09-2008, 03:59 PM

Yeah, they'll be fine in the long run. But it certainly is not a good time to be a low ranking GM employee.

balonywolf · 10-09-2008, 04:00 PM

"As General Motors goes, so goes the economy."

They'll pull through.

headpunter · 10-09-2008, 04:01 PM

ok slow down here. They will be fine. They have been around for 100 years, they have seen worse and will pull through. dont get excited.

Speedy1975 · 10-09-2008, 04:09 PM

I gotta tell ya this is all pretty concerning. The entire market dropped another 679 pts today (DJIA) to close at ~8600. At this time last year the DOW was over 14,000 just as a comparison.

How far will the market drop before it's considered a crash, or have we already passed that point?

10-09-2008, 03:28 PM	#1
bigralph Drives: 2001 v6 Camaro Join Date: Dec 2007 Location: Northborough, MA Posts: 268	THIS REALLY SUCKS!!!! This really Sucks. Look at today's stock market. GM stock close at $4.91 and Ford stock at $2.13.CNN is saying GM and Ford is in death watch. This really sucks!! I WANT MY CAMARO. http://money.cnn.com/2008/10/09/news...ion=2008100916

10-09-2008, 03:31 PM	#2
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,769	:( __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

10-09-2008, 03:36 PM	#7
rayhawk Drives: Camaro SS Join Date: Aug 2008 Location: Miami Posts: 1,060 View My Garage	People are panicking, but I think GM's position is strong, even Ford I think will be ok. Look at the rest of the market, you can see that nobody is alone in this thing. I think domestics will survive but I think a change in labor laws is necessary for them to thrive again. __________________

10-09-2008, 04:00 PM	#12
balonywolf Drives: 1996 Jeep Cherokee Join Date: Sep 2007 Location: Raleigh, NC Posts: 369	"As General Motors goes, so goes the economy." They'll pull through. __________________ HAIL REDSKINS!

10-09-2008, 04:01 PM	#13
headpunter Not That sad..considering Drives: Man Join Date: Aug 2007 Location: the part of washington the capital forgot about. Posts: 3,747 View My Garage	ok slow down here. They will be fine. They have been around for 100 years, they have seen worse and will pull through. dont get excited. __________________ Stop Whinging

10-09-2008, 03:34 PM	#4
GameOver620 Drives: 2003 Mitsubishi Lancer Join Date: Feb 2008 Location: Rockland County, NY Posts: 179	i'm going to buy a bunch of gm and ford stock and hopefully they will jump when the new mustang and camaro come out

10-09-2008, 03:34 PM	#5
TonytheTiger Drives: 1999 camaro rs Join Date: May 2008 Location: phoenix, arizona Posts: 1,160	That cannot be good, not good at all

10-09-2008, 03:36 PM	#6
Moose Moderator Drives: '99 Camaro SS #1392 Join Date: Jun 2006 Location: Newtown, Pa. Posts: 3,982	Personally, I believe GM will pull through. Seeing the cars "in the pipeline", ie; Camaro, Volt, Cruze, etc., I think once the economy starts to rebound, we'll see GM's stock rise also.

10-09-2008, 03:48 PM	#9
TonytheTiger Drives: 1999 camaro rs Join Date: May 2008 Location: phoenix, arizona Posts: 1,160	There is another reseaon why the camaro should have an affordabl;e price tag, not to us fan guys becuase we are wiling to pay more, but to the common buyers. I hope the camaro's sales help GM, i know Gm is strong but it won't help them if the camaro fails, which i doubt will, but you never know. Camaro can't fail this time

10-09-2008, 03:53 PM	#10
rolnslo Rolling along... Drives: 2011 2SS/RS SGM Join Date: Mar 2008 Location: Houston, TX Posts: 4,380 View My Garage	I was just looking at this too. Right after I did a little "managing" of my 401k... I think GM will be fine long term but I'm concerned about how this will affect the roll-out of vehicles like the Camaro and the Volt. The initial ramp up and roll-out of the Camaro will be fine but I think GM is going to run into difficulty if this economic slide continues too long into 2009. This economy is going to hit dealerships first, as people will hang onto what they currently drive just a bit longer. Without the new sales, GM is going to have to slow production which will drive profits/revenue down and impact a larger supplier network. This issue isn't just contained to the US and is impacting world-wide sales. For GM's (and Ford's) sake, I hope they survive this intact and are able to keep going long term.

10-09-2008, 03:59 PM	#11
flaguy Drives: 2014 2SS RS Spring Edition Join Date: Mar 2008 Location: Ga Posts: 230	Yeah, they'll be fine in the long run. But it certainly is not a good time to be a low ranking GM employee.

10-09-2008, 04:09 PM	#14
Speedy1975 FASTER! Drives: Challenger Hellcat, 2SS Camaro Join Date: Apr 2008 Location: Middle Tennessee Posts: 2,245	I gotta tell ya this is all pretty concerning. The entire market dropped another 679 pts today (DJIA) to close at ~8600. At this time last year the DOW was over 14,000 just as a comparison. How far will the market drop before it's considered a crash, or have we already passed that point? __________________ -Speedy 2016 Go Mango Challenger Hellcat (PB E.T. in 1/4 Mile 9.83 @ 140MPH)

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