Although still profitable overall, DaimlerChrysler has issued a revised profit outlook for the third quarter, blaming slower-than-expected North American sales, but will still end up on the up side. Meanwhile, Ford and GM continue to hemorrage red ink. Of interest are the "talking head" analyst who protray themselves as automtive industry "experts" on Wall St. It's pretty obvious they function mostly on misinformation, much like the telecom "experts" did while still hyping AT&T stock as late as 1995. Not only that, but history shows that Wall St. anaylst have around a 50% accuracy rating. Shit...I can do as well with a fucking dart board. Ford's currently at a share, and has just about hit bottom, for now, anyway, and two of the Ford North America top brass have followed chief family rat Billy Boy out the door. However, I'm not convinced that bringing in someone from Boeing, who was there when Boeing almost tanked, is necessarily a smart move. GM, meanwhile, continues to wallow in its incompetence with no end in sight. DC stock today closed at -something and took a hit due to the profit forecast revision. DC at , Ford at , GM even worse...do the math. DC will pass Ford in the '07-'08 timeframe as the #2 US automaker. I remember when I turned down Chrysler at /share back in '79. I'll never make THAT mistake again!
