stock market bear market
I’m not a expert at all but the last few months I have been family the stock market. I used yahoo finance to keep track of some stocks. I also watch cnbc or other stock or business shows. Right now since the beginning of the year the market is down about 20 %. The market had a up trend from 2003 until this year. I remember went google was 180.00 a share back in 2004. I thought that was high but then again I wasn’t following the market then. I worked a security job so had nothing better to do then read the newspaper over the weekend. Today google is around 560.00 a share.
Today on the news they were discussing if fannie may would go out of business because of all the default mortgages. Home loans are much harder to get now because of this. The high oil prices around 135.00 a barrel is hammering the airline companies. I have been keeping track of GM stock which is at its 50 year low.
I got to thinking today that you need something to re invent your company if you plan to rebound. This is what apple did. I remember seeing apple at 20.00 a share and new back then it was a bargain unless they went out of business. The Ipod or cell phones really got them back on the map and today the stock is trading at 177.00 or so a share. If GM can mass produce a electric or hydrogen car I think they could turn the company around. They have to find high mpg cars that consumers eat up. Toyota and honda have the reputation of reliability and good gas mileage. It’s hard for America to see that American compact cars are just as reliable and get good mileage.