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Monday, April 03, 2006

Why I have trouble getting to sleep at night....

Am I the only seeing this? Delphi declares bankruptcy and asks the judge to break its contracts with the U.A.W. by lowering hourly wages. ....The U.A.W. says if the judge approves (and he must-- the company is losing billions this year) they will go out on strike....The strike will force General Motors into bankruptcy....That, to my reckoning, is enough of a trigger to cause the Market if not to crash then to take one helluva correction. Down from low 11,000s to high 9,000s...That might sharpen the pin to the Real Estate Bubble....By this time, will any of us want to be in the Market. ....Or am I being a silly pessimist and forgetting to take into account the underlying strength of the American economy?

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