With Chrysler and General Motors in bankruptcy and under the ‘de facto’ if not ‘de jure’ management of the U.S. Government, the hue and cry emanating from the pundits and politicians and television journalists and on and on wails, “What is left of the American auto industry?”
There are ‘stock’ people and there are ‘bond’ people. I am a stock person and have been all my life. It suits my personality because stock people are optimists. We see the glass as half full. We like to buy and hold stocks for the long term because most of the time things are going well and we make money. We are different from bond people who tend to be cautious and are much more likely to be pessimists. They usually see the glass as half empty.
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