Brace for impact folks. The economy is in free fall and Gulfstream will inevitably be looking to shed its workforce. I estimate 20% by the end of the year. It has been a great run but the bubble had to burst sometime and the government has already exhausted all its tools. Money printing is all they can do and that’s only gonna cause the bond market to tank. My condolences to all those out there who have been living like big shots. Losing everything will be tough but as long as you keep your sanity you’ll rebound someday.
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Called it almost 2 months ago but expected Gulfstream to try and at least ride it out a little. I guess greed wins over people. It probably gets even worse later this year.
GD stock $132.23