Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, June 23, 2008

Car Woes

GM is pulling out all the stops to stop the red. They are closing plants and laying off workers. In addition, they plan to increase prices on some of their 2009 models. I'm not sure how that will work. United is also laying off. They are cutting pilots loose, as they try to battle the fuel headwinds. Large-caps stayed flat, while NASDAQ dropped nearly 1%. DJIA -0.33 NASDAQ -20.35 S&P 500 +0.07