Dow Breaks 9000, General Motors Downgraded

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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…

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Market Watch

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October 9 2008 @ 20:53

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