October 9th, 2008

Dow Breaks 9000, General Motors Downgraded

Back in 1955, Charlie Wilson, then chairman of General Motors famously said “What is good for General Motors is good for America”.

53 years later and the stock is at a 58 year low after GM was downgraded. Mattel, the toy car maker, now has twice the capitalisation of General Motors. Not good for America… or the UK, FTSE 4000 could be smashed tomorrow…








Sarah Palin said…

“A year later, I gotta ask the supporters of all that, ‘How’s that hopey, changey thing working out for ya?’ “



-Gilts (Mar)
As of 28 Jan 2010 +5.8%

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