Stock Market Analysis – 04-30-2009
April 30, 2009 at 10:15 pm · Filed Under Broader Market
The tide started turning today with a late sell-off, but we’re still firmly planted in the middle of the channel. Chrysler is finally going the bankruptcy route, and while it’s not going to be a cakewalk, it seems like this was their best option for a long time. Or I guess their best option was to keep having taxpayers donate money to them, but this seems like the best option for the general public and the long term prospects of the company if they come out of it alive. It will be big to see if the bears actually run a little to close out the week tomorrow or if they get stopped in their tracks again.
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