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Dow should Dive below 8000 today as Auto Bail-Out Plan fails to pass Senate

Bankruptcy is not an Option for General Motors….but there seems no other Option…..last Night the Senate  failed to clear the Bail-out plan for Emergency Aid of  US $ 14 billion to the three Auto Majors in USA….General Motors,Chrysler and Ford

Dow closed at 8565 yesterday and is likely to dive below 8000 today….General Motors closed at US $ 4.12 and is sure to collapse today as will both the other two Majors Auto companies too

Asian Markets are all down 3% to 7% today

The Auto Alphabet in USA may well read as Automobiles…Bankrupt….Chapter 11….Detroit…………….Zero

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