Wednesday, July 06, 2005

Chrysler Matches GM, Ford on Discount Plan

My Way Finance: "DETROIT, Jul 06, 2005 (AP Online via COMTEX) -- DaimlerChrysler AG's Chrysler Group began offering employee discounts to all consumers Wednesday, following the lead of General Motors Corp. and Ford Motor Co. Chrysler is also offering cash incentives on top of the lower prices." This was expected, I guess. I like to make predictions, but I admit I'm usually off timewise. My prediction is oil is way inflated today. That there is plenty of supply and we have a bubble on the price right now. I think by the end of summer, beginning of fall, the bubble will begin to burst. There will be a large drop in oil price, say like greater than 20% in a short period of time (like within a month). This will cause a huge up tick in stock prices. If war (or new war) breaks out, and I mean major war, then this will cause a huge slide and create that depression that is due. Of course, I'm hoping for the up tick, I don't want the depression.

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