Online Stock Trading | GM and the market

GM and the market


Filed Under Market Commentary |

GM is doing the worse case scenario. They are selling 51% of GMAC…the only
piece of GM that makes money. Question: Do you peel off the only good parts on
an apple to leave the bruised or rot part of it? How about just leaving the
stem? Is that worth it? GM is slowly killing itself by trying to think it can
produce cars America wants, its a shame!

New Highs out pacing new lows by a better than 7 to 1 margin. Adv/Dec on the
Naz is a bit troubling, pretty much flat with a slight edge to decliners. Run
rate for the naz is about 2+ billion shares, not bad…Rus 2k is turning for the
worse…just went negative.

I’ll keep an eye out on that…enjoy the day

MktSpec

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