Breaking News: US Government to own 60% of GM, Canada 12%. Details inside.

Anyone have a specific channel we should be tuned to, or will just any news station be sufficient?

Again, I think it would be redundant for this to be about GM, but the gov does stupid things all the time, so...

Maybe they are announcing the missing link........

Oh wait, we did that already didn't we?

This is going to be another nothing. Regarding the GM......... Obama is set to address the nation monday 11:55 am about GM (according to CNN). Why address the nation twice?

reply to post by BlueShaman


Sorry to make you stay up so late if this just turns out to be GM stuff that we pretty much already knew, lol.

Originally posted by JacKatMtn

Thanks for the clarification, though I do wonder why advise the media only to tell them not to release until said time?

It gives the networks time to gather their so called experts on the particular subject and have them available to appear on air when the news breaks. It's Sunday night and it's likely the networks would need a few hours to assemble their teams.

Maybe they can explain how people with 55 posts got 12,500 points.

two lines

Originally posted by star in a jar
Maybe they can explain how people with 55 posts got 12,500 points.

two lines

hahhahahahaha nice post

well

I dont know what it is going to happen, but if this is some GM stuff I would be piss off ...

reply to post by Soldat401



General Motors announcement I would think

To embargo press release over GM, IMHO, is a poor use of this tactic.

I still say N. Korea.

Something is going down..

But..W/E

If this had anything to do with international affairs, we'd still be hearing about it from internet sources, correct? Unless there was an impenetrable international embargo, which I don't think is possible.

So, in figuring this, I'm thinking war is not the topic. This probably does have to do with GM.

Originally posted by star in a jar
Maybe they can explain how people with 55 posts got 12,500 points.

two lines

I think you can get 10k by following ATS on Twitter or some such.

HMMM

We are making a move to the upside here in the futures contracts..

20 points in 10 minutes...

Premarket can be tricky.. but usually moves at night pretty much dont move like this.. they do sometimes though.. interesting..

real time futures chart -

so we just crossed 8502...

still moving up...

hmmm..

so should i be tunning into CNN?

Originally posted by Soldat401
reply to post by BlueShaman

 

Sorry to make you stay up so late if this just turns out to be GM stuff that we pretty much already knew, lol.

GM is a big deal - we will probably look back at this and refer to it as another Enron!

Many people, including employees that had a lot of money tied up in GM are going to get screwed completely. The cover story is GM and mismanagement, but the small print is something else. This could be another Lehmans' leaving a large impact on the market, it's one of the blue chips.

Or they could just be announcing the results of the X-factor!

ok now at 8508

more than 33 points in 10 minutes

IMO something is up now

reply to post by GreenBicMan


Is there any reason why an announcement about GM's bankruptcy would actually make the market go up? Doesn't seem to make sense, unless the news is that they've had the numbers wrong the whole time, and GM is actually an extremely profitable company, and is able to pay the government back immediately.

damn


we are rocking right now to the upside
real time dow futures contracts

Maybe It's something about Timothy Geithner and China?

But what could that be? no more loans?

reply to post by Soldat401


yes, it is considered good news by big players

i have been saying this all day

From Twitter

ActionCentralAP: Government to take 60 percent ownership stake in GM -sources

This looks like it is the news