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Benny’s picks & predicts BLOG
Benny … “The Smartest Cat in the Room”
benny@AskBennyTheCat.com
BENNY’s NEW PREDICTIONS
POSTED: Monday 6/1/2009 @ 8:45pm MST-Arizona
Hi Benny Fans….I’m back from my assignment in Detroit covering the GM bankruptcy . . . what a day for the market today as we may have more gas left in this rally than in GM! Let’s get down to business…
Week #9 of my diet. and I’ll be posting my latest picture later this week on my Diet Page. My goal is to lose the 4 pounds I put on over the winter and maybe more. Check out my “Diet Page” at the top to see my “before” and “now” pictures. Watch my progress as I go.
OK, Fritz was on TV this morning in his pink tie explaining why GM has declared Chapter 11 . He should be required to wear an obnoxious, polka dot bow tie like the rest of the Bozo’s who have managed this company into the ground over the last 40 years. Is anyone surprised that it took this long for them to fail? How did the one-time largest corporation in the world get to this point? Let’s roll back the calendar to 1971 to Motor Trend’s Car of the Year – the Chevy Vega! People wanted a small, economical, and dependable car and thought they could buy it from one of the Big 3. It would take an entire page to outline all the problems that GM designed into the Vega, but let’s look at one of the obvious ones – the engine. The engines had aluminum cylinder blocks and cast-iron heads. These engines suffered from a lack of durability. The cylinders scored, the heads warped, the valves burned, the valve seats cracked, the engines overheated, and they had major vibration issues. The same year, Toyota gave us an improved Corolla and Datsun delivered a 1200 Sedan that got 40+ mpg. GM grounded the aluminum engine block to the Vega’s frame. This caused body rust via “galvanic corrosion” an electrochemical process where one metal corrodes when it comes into electrical contact with a different type. This gained the Vega another title besides Car of the Year. It became the “car that started rusting while still on the showroom floor!” After the Vega success in the early 1970′s, GM built on their “never listen to the customer” mentality of product design. Over the next 40 years, GM delivered a never-ending string of funny-looking, poor-quality cars and trucks to the American consumer. . . “X”- cars, the Chevette, the Cadillac Cimarron and then the Catera, the Lumina, and more. And who can forget GM’s response to the “sport recreational vehicle” crowd…the Pontiac Aztek? Did they think that by spelling it funny people would be distracted from poor quality and goofy design? It looked like a deformed doorstop on wheels that came with an optional “conversion tent” that hung off the back so you could camp out wherever it broke down. And who could forget the “Transformer” truck…the Chevy Avalanche . . . half-rubber, half-metal, all ugly. And when Toyota was starting to crank out the Prius and define the eco-friendly vehicle of the future, what did GM respond with? That’s right, Hummers! The perfect vehicle for anti-socialists and soccer moms who don’t want to get stuck over a parking stone at the Mall. GM’s environmental callousness knows no equal in the auto world. They have carried it forth proudly right through to today with the availability of a GMC Yukon Denali Hybrid! Under the appearance of being “eco-friendly” GM is attempting to “greenwash” the American public into thinking that if you put a shiny “hybrid” sticker on the back, it’s OK to drive a gas-sucking, over-priced, socially irresponsible hog of a vehicle. So where is GM doing well? . . . in China! While American taxpayers are bailing out this dinosaur of a company, GM will be expanding operations in China. In fact, don’t be surprised when GM builds small cars and trucks in China and imports them back to the USA. Do you think that any of the profits that GM makes in China will be used to pay back the American taxpayer? Don’t hold your breath.
Scottish Singing Sensation Susan Boyle came in second this week on British TV. Susan, you’re still a winner in my heart. Pebbles and I are very proud of you.
- Read about how all asset classes are in a free-fall at this way cool site where I go to get all my “secret” information!
- Although they’re a day late, here’s my picks that I see moving up this week: YUM, XLF, AAPL, SPY, IWN, and BNI.
- And here’s my “dogs” for the week (notice they call bad performing stocks dogs!) : PZZA, ZMH, NETL, OSIP, PRGO, and WMI
- Hot diggety cat! . . . I hit 70% of my picks from last week! Why listen to Kramer when you can listen to the Kat?
- Did you ever realize that the news is never new? It’s a history lesson by the time you receive it. Get the News Before It Happens…..Click on this link . . . www.CRNewsReports.com . . . and sign up for the FREE Trial. Your Life, predicted ahead of time! Be the smartest cat in your family! Fill out the form in the upper left-hand corner of the Home page then watch your inbox for a confirmation email. Why wake up to the news when you can get the news that wakes up the World?
- When all the stores at the mall close up and commercial real estate developers are insolvent, what will we do with that space? Find out at this blog entitled “Ghost Malls.” You don’t want to miss this brilliant commentary.
Invest some of your money in something that will give you a long-term return – a Benny Mug! Prove your Benny fandom and start your day with a giggle! . . . Meow for Now! . . . Benny.
Why settle for the news after it happens?
Get the “News Before It Happens”
Tags: Benny Mug, GM bankruptcy, news is never new, secret information, Susan Boyle