Ask Alexis

" The polls now up for your thoughts but stick around -- is Alexis -- is back with us and she's not here. To just do anything to get answer not my question to you to answer your questions earlier today we took to the streets of New York. We want to know what questions you have about the economy you did not disappoint."

" I'm curious what's going to happen to the stock market if the auto industry does go bankruptcy would general -- support cannot be able to bail out."

" So out. Alexis what happened oh we could be in for some troubled waters when you here's the issue we've lost four point four million jobs technically since the recession began in December of 2007. The risk to further job losses and very dangerous not only for the stock market but for the economy when you look at the stock prices though where it bonds are trading. There -- such depressed levels the concern though for the market will be how big ripple effects are and that could cause a lot more harm but keep in mind. Most economists predict we will come out of this recession by the ended this year first quarter of next year fabrication recover six months ahead at the end of recession."

" Hot but if GM goes into bankruptcy if it does a good bankruptcy it's going to have a restructuring. By the federal government that either way something's gonna happen right and it's this isn't in it in some ways maybe about a Iguodala said the same effect except that if it if it doesn't going to bankruptcy this a chance at the beamed back -- contract shall be -- renegotiate that's the baby blue."

" And you look the bottom line is in the long term. It'll be a better situation for these corporations and as it relates to be UAW contracts and the bond holders so it may come out that they are much healthier that's one of Ford's greatest concerns because sport has been tapped into the government. The issue is. Is this government prepared to do a prepackaged. Bankruptcy and that they thought about all the ramifications to the suppliers. If they do it effectively. It could actually work out to their benefit. And they could return to profitability much faster that's what is a lot of people on the hill -- supporting a prepackaged bankruptcy."

" And a key -- is -- up effectively arrogance. The next question for Alexis. Where we with the gas prices now and why they still sell high with the state of the economy."

" Great question national average right now at about 205. Year ago. We don't count 330. So we come down fairly substantially. Here's the -- oil prices right now they're just below fifty dollars a barrel they've traded up about ten dollars an oil prices in the past month. Oil and gasoline prices very much interconnected. A lot of people look at oil and gas as an indicator for whether or not we will have a recovery in the economy. Some have speculated that since we've seen. Some signs of hope in some pieces of economic data that perhaps we'll start to see the recovery this year as opposed to next year. That's why oil prices have ticked up slightly and so have gasoline prices are up about 1112 cents in the past month the good news for everybody this summer. Is that -- finally got to four dollars a gallon. Likely it is think top out to the 25 to fifteen this summer. Even in -- seasonally high driving season so the expectation is. The economy is not going to recover as quickly and gasoline will still be really relatively cheap. If you compare it on historical basis my question -- you know the question."

" Revealer. The question is about McFarland -- I look at my statements and it makes me nervous. -- keep my money McFarlane can't shouldn't take it out so they invested elsewhere. I'm really can."

" He isn't that the number one issue right now I feel everybody should feel -- doesn't matter whether your retirement age or you're twenty years from retirement everyone's for a K in many cases warranties down 4050%. Two things he should keep in mind. I'm a big believer you cannot stop contributing to your 401K. It's stealing your long term savings. But there's some other things you can do particularly -- now makes a lot of sense to invest and walk higher ranked. The difference when you invest in a poor one K. If you do it. Without paying taxes when you invest in a -- fire -- tax on the money you put in right away. But you look money tax free and you withdraw that money without paying taxes later on. If you think right now that you were going to be moving into a higher tax bracket. And they taxes are gonna move higher over the next 510 years and that's very likely. A long fire rate is -- great. Wait to save money and they're gonna be some weight tax incentives that go into effect next year so I don't you I look into law higher rate and continue to do for a one can't. And don't panic wrong time."

" Panic and pull out yet -- and says it. I know that don't panic -- without advice and good father rested guys don't panic I think forget and we we're yeah we're all addicts Alexis thank you very much."