How Bad is the Economy? I’ll Tell You, It’s This Bad

  • January 23, 2009
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Sunset Chevrolet= Bad Economy

Sunset Chevrolet a local car dealership here in the Seattle area is running a promotion on the radio. This promotion in my view demonstrates how bad things have gotten.

The Promotion

OK are you ready for this? Sunset Chevrolet is allowing customers to trade “ANYTHING THAT DOESN’T EAT”. They make it clear.. no donkeys, no horses, everything is game as long as it doesn’t eat IE no abandoned children, etc.

Are You Serious?

In a big city like Seattle a car dealership is running a promotion like this? I could see this in a town like Rugby North Dakota, but not Seattle. Hell has officially frozen over with the new $1 trillion bailout and now trading in anything that doesn’t eat at a car dealership?! Help us, we are in trouble.

Virus on my blog and stock market (I call bottom)… random thougts

So a couple days ago my blog was infected with a virus. For the past couple days I’ve been wasting my time trying to fix this issue. I’m getting close… my hosting company is looking into this for me. I’ve worked around the clock trying to get ride of this annoyance… what a waste of time. Also, the stock market as I’m sure you know went down 678 or more than 7%. It’s dropped so much recently it has almost become like a sick joke. How does the stock market go from its high of 14,164.53 exactly a year ago to where it is now 8,579.19, or 39.4% drop? How could the market be so overvalued and companies so incompetent? I’m going out on a limb here and calling a bottom at this point. Unless the whole US economy collapses I don’t think it can go down any further. Housing is up here in Seattle and around the country singling a bottom, stocks are trading at about 15x earnings which is the historical average, interest rates are low, IBM beat expectations today, and the tax payers just injected almost a trillion dollars into the economy. Once again I’m in this for the long haul, 10 years plus, I call the bottom today.

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