July 7th, 2008State of the economy
A dose of the painful truth for today:
- Mattel toy cars now worth more then General Motors.
- Luxury homebuilder Toll brothers debt reduced to junk status. Oh Robert, what happened to the good old days when you were buying land at any cost, because “It can’t possibly go down in value.”
- Washington Mutual stock chart
- Gas price average rises to $4.108
- Jobs continue to vanish.
And to balance things out, a tad of good news:
Take heed of your daily dose the next time Cramer spouts off his “BUY BUY BUY” signals.