Even the big guys are faltering

by omgwtf 6. March 2009 10:22

 

 

In this crappy economy, even the giants are falling victim to money woes.

Let's just run down the list, shall we?

CitiGroup

Less than 2 years ago, shares of stock were worth $55.12. Yesterday? $1.02

March 2007, the company was valued at $300 billion. Yesterday? $5.6 billion

General Electric

Closed yesterday at it's LOWEST LEVEL since 1992, just $6.66 a share.

To put that into perspective, it's LESS than the cost of 1 compact flourescent flood light bulb.

General Motors

Shares of GM closed yesterday at $1.86, and how much does gas cost? In most cities around the country, about $1.90.

President of Yardeni Research, an investment research firm, Ed Yardeni said "The big surprise is that large companies that we thought were well-capitalized with abundant access to credit and that could access the global market, none of that is helping them. But a lot of these issues that we thought of a positive are turning back to bite them hard." Yeah, in the ass! This all sucks! Yardeni also said "The reality is that size doesn't seem to matter much."

Well, HAPPY FRIDAY! We're all faltering under the wonderful world of the shitty economy. Wonderful.

Tags:

News | Super Sucks

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