[Fandango]

GM is not going down.

FOR THE RECORD: I HATE THESE POSTS!

Chrysler stock is up, Ford stock is at $2.02, and GM is at $4 and change. Up from last week. This is the lowest that they've been in a while. However, this has been the hardest hit the economy has ever taken. Everyone has to remember the 70's. GM has already made their 2009 budget, So has Ford and Chrysler. They know that their is a growing degree of uncertainty in the economy and are asking for a bail outs so to cover their future. Media post these articles causing people to sell their stock and it drives down the price. Sometimes companies do this to drive down the stock in order for companies to buy back the stocks. Stock is only worth what youy pay for it. When there is less consumer trading and more bailing on the stock, it goes down. DEMAND! Now there is too much stock out their, no one is buing it. SUPPLY. Then the economy itself is in turmoil so no one buys cars as much. Demand for cars in general is way down. Only reason you don't hear about Toyota and Honda right now is because they are not as in dire straits as Ford or GM who depended a lot on SUV sales. But the out industry as a whole is down. Not just GM.

Finally, Volt comes out and lays an egg, then you'd better start worrying. But if Volt comes out makes a moderate dent. That will end the spiral, not completely save GM but it will give breathing room while GM slowly but surely makes a transition to more fuel efficiant cars. GM is in the news because the take the most proactive aproach to this crisis to save themselves. There's so much more I can talk about but I'll spare you.

Rest asureed we will still see GM, Chrylser and the blue oval.