You will see the Dow at 9000 before 10,000. The so-called "recovery" is totally bogus. If my good friend "EX" is around you have to admit that I correctly called the recession and I am very bearish....

Volatile conditions to greet October. Car sales are just rotten; I am sure disappointed that Mr. Penske was unable to save Saturn. Renault was the suitor who rejected Penske's offer to prouduce Saturn product after GM was to bow out in two years.

IMHO I believe Renault will bring in their own car line that may save 175 or so dealers. As to Springhill TN, you have another Detroit or Flint - 35,000 newly unemployed workers!

For those of you interested there is just a exccellent article in Time "The Tragedy of Detroit". This special report is a MUST for those of us who invest in auto related firms and realize that a jobless recovery is NOT recovery but a slow rolling depression.

One out of nine families are collecting USDA food assistance.