Thursday, May 7, 2009

GM About to be Booted...

from the Dow Jones Industrial Averages, people who know these things tell me.

This will put even more downward pressure on the stock as index funds will have to bail. Trading this morning at $1.66, it is headed for pennies.
at 9:41:00 AM

2 comments:

  1. PEU Report/State of the DivisionMay 7, 2009 at 10:19 AM

    Bloomberg reported:

    Loomis Sayles & Co. sold all of its General Motors Corp. notes and quit the bondholder group that’s trying to improve the automaker’s debt-exchange offer.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=adh7HXNu80dw&refer=home

    ReplyDelete
  2. Robert WenzelMay 7, 2009 at 10:53 AM

    Pressure.

    ReplyDelete

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